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The Spencer’s Consumer-Driven Health Report is a summary of the week's news items posted in the WHAT'S NEW pages of Spencer’s Consumer-Driven Health Report Online. For questions regarding this email service, contact Customer Service at (800)449-9525.
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Thirteen years after Rep. Louise Slaughter (N.Y.) first introduced genetic nondiscrimination legislation, the Congress has sent such legislation to President George W. Bush for his signature...
The Centers for Medicare and Medicaid Services (CMS) has announced the updated deductibles, out-of-pocket rates, and copayment rates for Medicare Part D prescription drug benefits in 2009. The following rates were calculated using the annual percentage increase, 7.54%, for 2009...
The term “consumer-directed health plans” (CDHPs) is a misnomer because the price and quality information tools necessary to make well-informed health care decisions are not yet available, two recent articles in The Financial Times reported. Any price reductions that CDHPs have achieved thus far may be attributed to continued cost shifting to employees and reduced utilization of services, the articles observed...
Employees’ median annual contribution for family health care coverage is now $3,120, a 15% increase from 2007 and a 22% increase from 2006, according to Aon Consulting’s 2008 Benefits and Talent Survey. This annual contribution represents nearly one-month’s salary, based on the median household annual income of approximately $48,000, Aon noted. In comparison, the 1,100 U.S.-based organizations responding to the survey experienced approximately 10% annual health care cost increases since 2006...
In a monograph published in April, the American Academy of Actuaries’ Medicare Part D accounting practice note subgroup of the Health Practice Financial Reporting Committee reviewed some of the current practices used by U.S. health care actuaries in 2007 in connection with valuation, accounting, and financial reporting for Medicare Part D products...
The Agency for Healthcare Research and Quality (AHRQ) has published a notice in which the agency requests nominations for members of the National Advisory Council for Healthcare Research and Quality. The notice appeared in the April 23 Federal Register...
The Internal Revenue Service and the Department of the Treasury have updated the 2007-2008 Priority Guidance Plan, which lists the tax issues that will be the subject of formal guidance during the upcoming year. The Priority Guidance Plan is developed based on consideration of suggestions from internal and external stakeholders, including taxpayers, tax practitioners, and industry groups. That input enables the IRS and the Treasury Department to focus legal resources on providing guidance on a broad range of issues that are important to taxpayers and tax administration...
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