The outline of the plan was reported just days after 16 lawmakers signed a letter urging President Biden to lower the Medicare age requirement to accommodate more people. They also asked that he allow the program to negotiate prices with drug companies to cut costs; however, the request was not included in the package.
The plan does include putting $200 billion into permanent premium cost cuts for consumers purchasing insurance on the individual market.
More articles on payers:
Humana to own nation’s largest home health provider after $5.7B deal
Insurers ending waivers on COVID-19 treatment fees
Expanding Medicare eligibility would benefit employers, study says
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