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- The House Ways & Means Committee is set to deliberate on a new bill aiming to prolong telehealth flexibilities, initially instated during the COVID-19 outbreak, for Medicare beneficiaries for another two years.
- Referred to as the Preserving Telehealth, Hospital, and Ambulance Access Act, this legislation, spearheaded by Rep. David Schweikert (R-Ariz.), seeks to prevent the expiration of telehealth flexibilities by the year-end should no congressional intervention occur.
- The proposed bill by the House Ways & Means Committee not only focuses on extending telehealth benefits but also encompasses provisions for overseeing pharmacy benefits managers (PBMs), which have faced heightened regulatory scrutiny recently due to the steep rise in drug expenses.
- Predominant PBM operators in the U.S., such as Managed care organizations CVS Health (CVS), Cigna (CI), UnitedHealth (UNH), and Elevance Health (ELV), are closely watching these developments. Companies like Teladoc Health (NYSE:TDOC), American Well (NYSE:AMWL), and Talkspace (TALK) are key players in the telehealth sector.
