Quantcast
Last updated on April 17, 2014 at 1:21 EDT

Latest Retiree Drug Subsidy Stories

2013-08-06 08:35:19

LINCOLNSHIRE, Ill., Aug. 6, 2013 /PRNewswire/ -- In response to rising health care costs and mandated changes brought about by the Patient Protection and Affordable Care Act (PPACA), a new survey from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE: AON), shows that many U.S. organizations have or are seriously considering sourcing post-65 retiree health care benefit coverage through the individual Medicare plan market. Aon Hewitt's annual...

2013-04-30 12:20:17

FAIRFAX, Va., April 30, 2013 /PRNewswire/ -- General Dynamics (NYSE: GD) has been awarded a contract by the U.S. Department of Health & Human Services' Centers for Medicare & Medicaid Services (CMS) to support the Beneficiary Eligibility Suite of Systems Transactions (BESST) program. The BESST systems maintain Medicare beneficiary eligibility information and support critical components of CMS's core healthcare mission. This contract has a potential value of $19.9 million over five...

2011-12-14 14:44:00

Texas to Modernize Medicaid Rx Benefits, Curb Pharmacy Overpayments Texas Medicaid Rx Pays More than Triple the Fees that Medicare, Private Insurers Pay WASHINGTON, Dec. 14, 2011 /PRNewswire-USNewswire/ -- To help reduce state Medicaid spending, the Obama administration has approved Texas' plan to shift one million recipients into private health plans by 2013. Despite strong opposition from the drugstore lobby, the waiver includes a provision to modernize the state's prescription drug...

Medicare Fighting Painkiller Abuse
2011-12-14 13:23:38

The Department of Health and Human Services (HHS) is directing Medicare prescription drug plans to withhold payments for popular painkillers when they suspect patient abuse. The agency encouraged doctors to issue prescriptions for painkillers that provide a supply of 30 days or less. The Government Accountability Office (GAO) found that in 2008, about 170,000 people in Medicare received prescriptions from five or more doctors for drugs that are frequently abused. According to the...

2011-06-11 00:00:29

RDS Services LLC has helped plan sponsors with ERRP since its creation in March 2010 and wants to stress the importance to plan sponsors on being prepared for this challenge and of RDS Services ability to assist. (PRWEB) June 10, 2011 On June 7th HHS released guidance on how to handle cost adjustments under the Early Retiree Reinsurance Program (ERRP). One of the most common adjustments plans will run across are drug rebates. The HHS release identifies several acceptable methods to allocate...

2011-04-20 09:00:00

LINCOLNSHIRE, Ill., April 20, 2011 /PRNewswire/ -- Most large employers are now beginning to rethink their retiree health care strategy as a result of federal health care reform, according to a recent report by Aon Hewitt, the global human resource consulting and outsourcing business of Aon Corporation (NYSE: AON). (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) In late 2010, Aon Hewitt surveyed 344 companies, representing 2.2 million retirees nationwide, and found that...

2010-09-27 15:06:00

HARRISBURG, Pa., Sept. 27 /PRNewswire-USNewswire/ -- Governor Edward G. Rendell announced today that the Retired Pennsylvania State Police Program (RPSPP) for health benefits has been accepted into a federal program to help offset the rising health care costs for retirees. The Early Retiree Reinsurance Program (ERRP) is part of the federal health care reform law signed earlier this year. It provides $5 billion in assistance to employers - including businesses, schools, unions, non-profits...

2010-05-20 07:00:00

ORLANDO, Fla., May 20 /PRNewswire-FirstCall/ -- As the nation's healthcare system begins to understand and address the impact of the recently enacted healthcare reform legislation, employers must assess their current and future retiree prescription benefit options, according to executives from Medco Health Solutions, Inc. (NYSE: MHS) speaking to more than 700 clients at Medco's annual Drug Trend Symposium. The elimination of the tax advantage related to the Retiree Drug Subsidy (RDS)...

2010-04-26 09:00:00

FAIRFAX, Va., April 26 /PRNewswire-FirstCall/ -- General Dynamics Information Technology's VIPS business sector, a business unit of General Dynamics (NYSE: GD), has been awarded a task order to support the Department of Health and Human Services' (HHS) Centers for Medicare and Medicaid Services (CMS). The task order has an initial value of $16 million with a maximum value of $84 million for five years if all options are exercised. VIPS will support CMS' Retiree Drug Subsidy (RDS) program...

2009-05-11 15:14:00

NEW YORK, May 11 /PRNewswire-FirstCall/ -- HMS today announced that it has been awarded a second Medicaid Integrity Program (MIP) Task Order by the Centers for Medicare and Medicaid Services (CMS). Under this Task Order, HMS will examine payments to providers made under Title XIX of the Social Security Act, with the objective of identifying potential overpayments made as a result of fraud, waste, or abuse. HMS will perform these services in the CMS Medicaid Integrity Group (MIG) San...