Wakely Wire

New Insights

Whitepapers, briefs, press releases and more

Week in Washington – 4/23/26

Congress Senate Republicans are currently working to pass a reconciliation bill that would provide funding for ICE and Border Patrol. Health policy observers have been focused on the bill, as there is the potential for it to expand in scope to include health care items. To date, that does not appear to be the case. ... Continue reading

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Newsworthy Findings

Risks Facing 2027 LEAD Model Participants

Wakely, an HMA Company, is putting out a series of whitepapers on the new LEAD payment model. Our most recent, Risks Facing 2027 LEAD Model Participants outlines the material risks facing 2027 LEAD participants, with a focus on three critical data gaps: • 2026 as a benchmark year with limited credible data • Uncertainty around risk score model changes • Use of prospectively set ACPT values without empirical validation

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Editor's Note
Wakely supports a range of providers who take risk in Medicare Advantage (MA) and other government and commercial insurance programs.

CMS Delays Part D GLP-1 Model Amid Skepticism from Insurers

The Trump administration is delaying a voluntary model that aimed to expand access to GLP-1s in Part D after pushback from insurers.

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Editor's Note
The CMS is delaying the launch of its BALANCE model for covering GLP-1 drugs in Medicare Part D after insurers raised concerns about cost risk and unclear utilization. Instead, CMS will extend a temporary “bridge” program through 2027 that allows access to these drugs without requiring plan participation or risk. The delay gives CMS more time to gather data and address payer concerns before potentially implementing the model in Part D.

Stakeholders Urge Labor Department to Finalize PBM Transparency Rule

Employers, lawmakers, providers and more said the Department of Labor should quickly finalize disclosure mandates for the controversial drug middlemen.

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Editor's Note
A broad coalition of employers, lawmakers, and healthcare groups is urging the U.S. Department of Labor to finalize a rule requiring pharmacy benefit managers (PBMs) to disclose detailed pricing and compensation data, arguing it would improve transparency and lower drug costs. PBMs oppose the rule, calling it government overreach and warning it could harm competition and duplicate existing regulations. The proposal reflects growing pressure to regulate PBMs, though debate continues over how extensive the transparency requirements should be.

Moderna, After Losing US Funding, Rebounds to Start mRNA Bird Flu Vaccine Trial

A program that got caught up in HHS’ decision to abandon mRNA research was revived by a public-private coalition and is now beginning a late-stage test that could support a future approval.

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Editor's Note
mRNA vaccines first gained widespread attention when Moderna and others used the technology to rapidly develop COVID-19 vaccines. Despite their success, the Trump administration canceled a federal contract aimed at supporting Moderna’s development of new mRNA vaccines and strengthening U.S. pandemic preparedness. Following the funding cut, the Coalition for Epidemic Preparedness Innovations stepped in with $54.3 million to support the effort. On Tuesday, Moderna announced that researchers have administered the first doses in a Phase 3 trial.

Providers Push Back on 340B Rebate Model

Hospitals and clinics told regulators that switching to rebates in the 340B drug discount program would impose costs that would outweigh the program’s benefits.

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Editor's Note
The 340B program, designed to provide discounted drugs to safety-net hospitals and clinics, has traditionally offered upfront discounts at the point of sale. However, manufacturers have argued that some providers exploit the program to secure larger discounts. In response, the Trump administration proposed piloting a rebate-based model for certain drugs. Ahead of Monday’s deadline, more than 5,500 comments were submitted urging regulators not to proceed, citing concerns about increased administrative burden and costs.

OpenAI Launches ChatGPT for Clinicians, a Free AI tool for Physicians, NPs and Pharmacists

OpenAI unveiled on Wednesday ChatGPT for Clinicians, a version of ChatGPT designed to support clinical tasks like documentation and medical research.

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Editor's Note
The article also argues that OpenAI is trying to differentiate the product on trust and usability by highlighting healthcare-specific benchmarking, safety testing, reusable workflow skills, clinical search, CME credit support, and options for HIPAA-aligned use with a BAA for eligible accounts.

Bonus Article

Just for Fun

Math Joke:

Why was the fraction always so calm?

Prior Week

Q: FSA stands for “Fellow of the Society of Actuaries.” Or, alternatively:

A: “Finally Stopped Agonizing.”

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