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Adam Wright

Adam Wright

In late January, the Trump Administration proposed a substantial change to the way prescription drug rebates operate under Medicare Part D and Medicaid. While proponents argue that the change would help to lower consumers’ out-of-pocket costs for prescriptions, insurers warn that it would do the very opposite.

In federal policy news, the midterm elections are (nearly) over, with a new Democrat-led US House of Representatives and a Republican-led Senate set to be seated for the first time on January 3. North Carolina’s 9th District US Representative will be noticeably absent from the new Congress as investigations continue into possible mail-in voter fraud in this year’s elections.

Before the 116th Congress convenes, however, the current government will be considering a spending bill to fund the government beyond its current deadline of December 21st.

A federal judge in Texas released his long-awaited decision last Friday in the lawsuit brought by a coalition of Republican State Attorneys General and Governors challenging the constitutionality of the Affordable Care Act. We first discussed the lawsuit here in September when the judge was hearing arguments.

With unemployment at historic lows and student debt at historic highs, it’s no wonder that employers are considering fresh types of benefits plans to attract talent. Some companies are offering student loan repayment benefits linked to their 401(k) plans, a practice which recently received a green light from the IRS in a private letter ruling. Though the ruling is not comprehensive and applies only to one company’s practice (pharmaceutical firm Abbott Laboratories), the decision provides guidance on how the IRS might rule in other cases.