The Lifesciences Magazine

In an effort to assist recipients of federal insurance for the elderly and disabled in receiving the necessary medical care, the Biden administration is suggesting a new round of restrictions on private Medicare health plans, which have expanded to cover half of the Medicare population. Medicare Advantage plans will have to put in more effort to urge members to take advantage of additional benefits that are available to them, as opposed to only mentioning them in sales pitches, as per a draught rule released by the federal Centres for Medicare and Medicaid Services on Monday. The plan would also facilitate the purchase of biosimilars—less costly biologic medications derived from live cells or other organisms—by Americans eligible for Medicare prescription benefits. Health and Human Services Secretary Xavier Becerra unveiled the idea at a news conference on Monday, saying that older Americans who choose Medicare coverage “should not be subject to practises playing fast and loose with ma...