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CMS Releases Draft Guidance for the Third Cycle of Medicare Drug Price Negotiation Program to Lower Drug Prices for American Patients

For the first time, drugs under Medicare Part B (administered in clinical settings) are included, alongside Part D medications. The guidance aims to enhance transparency in the negotiation process while preserving incentives for pharmaceutical innovation.

- CMS will announce up to 15 drugs selected for negotiation by February 1, 2026.

- Negotiations will occur during 2026.

- Negotiated prices will take effect on January 1, 2028.

CMS is seeking comments on the draft guidance to refine the negotiation process. The public comment period is open until June 26, 2025, at 11:59 PM PT.

For more details and information, please read:

CMS Releases Draft Guidance for the Third Cycle of Medicare Drug Price Negotiation Program to Lower Drug Prices for American Patients | CMS The Centers for Medicare & Medicaid Services (CMS) is issuing draft guidance for public comment on the third cycle of negotiations under the Medicare Drug Price Negotiation Program (Negotiation Program). The draft guidance includes policies that will improve the transparency of the Negotiation Progr...

Cybersecurity breaches are a growing concern for everyone, and unfortunately, McLaren Health Care has recently been affected. It's important to stay informed about these incidents and take steps to protect your personal information.

As a result of the recent McLaren cyber-attack, McLaren Health Plan Individual Plans will be temporarily unavailable for enrollment on the Exchange/Marketplace as of 5 p.m., Aug. 21.

Click below for more information from the Lansing State Journal on the attack:

Ransomware attack confirmed by McLaren; health system says impact ongoing through August McLaren said if any personal information of patients was compromised, it will notify people following state and federal guidelines.

Healthy employees are happy employees! At Baroda Group, we believe a strong group health plan is a vital investment in the success of your business.

Attract & retain top talent: Competitive benefits packages make your business stand out.

Reduce healthcare costs: Group plans offer cost-saving advantages for both you and your employees.

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Ready to learn more? Baroda Group offers a wide range of customizable group health plans to fit your company's needs. Get a free quote today and see the difference!