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March 01, 2024

Washington Roundup

The American Hospital Association News informs us:

“Bipartisan, bicameral leaders of the House and Senate and their Appropriations Committees Feb. 28 announced an agreement to extend funding through March 8 for four appropriations bills set to expire March 1 and through March 22 for eight appropriations bills set to expire March 8. Passage of this measure will prevent a government shutdown. Negotiators also announced an agreement on six of the appropriations bills, which Congress intends to enact by the March 8 deadline.”

STAT News tells us that to move the appropriations process along to a conclusion in April, the final appropriations bills will not include healthcare such as site neutral payments and prescription benefit manager reform.   

The Bipartisan Policy Center explains:

“An additional factor affecting FY2024, which runs from October 1, 2023, through September 30, 2024, and FY2025 is the Fiscal Responsibility Act or FRA—the bipartisan debt limit deal that set discretionary spending levels for two years. The FRA includes a provision that reduces spending caps in the deal and enforces a sequester (an across-the-board cut) if one or more agencies are covered by a CR after April 30, 2024.” 

STAT News adds “In a bid to combat prescription drug costs, the White House will hold a listening session on Monday in search of ways to reform pharmacy benefit managers, according to people familiar with the plans.”

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