On 15 November 2016, the European Commission (“the Commission”) opened its second report on Regulation (EC) No 1901/2006 of the European Parliament and of the Council of 12...08 December 2016
CMS Limits Reporting Requirements for Plans that Meet Medical Loss Ratio Standard
In December 2011, CMS published an interim final rule and a final rule with comment that established notice requirements applicable to health insurance issuers who owed rebates for failure to meet the applicable MLR standard, and addressed the treatment of mini-med and expatriate policies with regards to MLR requirements. At that time, CMS invited comments regarding (a) whether insurers who met or exceeded the MLR standard in a given year should be required to provide notice to policyholders and stakeholders, and (b) whether issuers should be required to include in their notices information about the issuer’s MLR from the previous year.
After reviewing submitted comments, CMS released amendments to the regulations that:
- Creates a “simple straightforward notice requirement” for health insurers that meet or exceed the MLR standards set in PPACA;
- Only requires the above notice be sent for the 2011 reporting year; and
- Does not require issuers to provide information on the prior year MLR in their notice.
The rule notes that information about a specific insurer’s past years MLR will be available on the HHS website.
On 26 September 2016, a new EU-US collaboration between the European Medicines Agency (EMA) and the United States Food and Drug Administration (FDA) was announced. This new collaboration is ...06 October 2016
As reported here, earlier this month the U.S. Drug Enforcement Administration (DEA) issued a decision declining to transfer marijuana out of Schedule I. As marijuana remains a Schedule I...07 September 2016