Week in Washington is brought to you by Michael Cohen, PhD. Tune in each week to read the latest on healthcare policy and get a glimpse of what’s on the horizon.
Week in Washington
The House of Representatives passed a bipartisan bill that increases transparency requirements on providers and PBMs. The bill also included a proposal that would enact site neutral penalties which would prevent hospitals from billing Medicare at a higher rate than independent physicians for certain services. The bill will move to the Senate, although the timing of next steps is very uncertain.
The Supreme Court this week decided to accept a case on whether an abortion pill (mifepristone) will remain legal. Beyond the issue of having an abortion, the Supreme Court ruling could open the door for other currently legally approved drugs from also being pulled from the market. A ruling is likely in the Spring.
The Office of the Actuary published their updated estimates on health care spending in the United States. Overall health care spending increased 4.1% in 2022. The increase was driven by spending in Medicaid and private insurance (both of which saw large enrollment growths). Overall, 2022 saw the percent of uninsured to be the lowest levels on record in the US. OACT notes that while overall inflation and economic growth is expected to slow, it is much more uncertain as to what trends will emerge around health care spending.
This is the last blog post of 2023. Thanks for reading them this year. Happy new year!
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