Client Alert by Hutchinson, Kocot, Linehan Mentioned in “CMS Issues 2016 Parameters for ‘Creditable’ Drug Coverage”SHRM.org April 14, 2015
The Society for Human Resource Management mentioned a Health Care and Life Sciences Client Alert authored by Thomas E. Hutchinson, S. Lawrence Kocot, and John S. Linehan, in “CMS Issues 2016 Parameters for ‘Creditable’ Drug Coverage,” by Stephen Miller.
Following is an excerpt:
The 2016 Benefit Parameters reflect an 11.76 percent increase in Part D average per capita drug expenses in 2015,” explains an April 10 online post by law firm Epstein Becker & Green P.C., adding that “the actuarial value of the annual standard drug benefit changes mirrors trends in Part D drug expenses, thereby ensuring that the benefit continues to cover a constant share of drug expenses.”
Read the full Client Alert here.