March 10, 2023
D.C. News | Tea Leaves
  • Yesterday, President Biden released his budget proposal for fiscal 2024, which includes numerous items that would affect providers, health insurance companies, and patients. Some of the budget initiatives include:
    • $11 billion to fund a program to eliminate hepatitis C in the United States. (Article here)
    • $2.8 billion to fund cancer-fighting goals. (Article here)
    • $20 billion cash infusion to bolster public health. (Article here)
    • Restoring the American Rescue Plan’s Child Tax Credit to its 2021 amount, allowing $3,000 per child and $3,600 for children under 6. (Article here)
    • Making changes that would affect Medicare Advantage, including new medical loss ratio (MLR) requirements for supplemental benefits and required coverage of behavioral health visits without cost-sharing. (Article here)
    • Additional budget news can be found here, here, here, and here. View the White House press release here and the HHS budget here.