New house bill to extend COVID-era telehealth flexibilities
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5 months ago
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- The House Ways & Means Committee on Wednesday will consider a new bill that would extend telehealth flexibilities introduced during the COVID-19 pandemic for Medicare beneficiaries for another two years.
- The legislation named the Preserving Telehealth, Hospital, and Ambulance Access Act was introduced by Rep. David Schweikert (R-Ariz.), as telehealth flexibilities are set to expire at the end of the year if there is no congressional action.
- The House Ways & Means bill also includes reforms to regulate pharma intermediaries known as pharmacy benefits managers (PBM), which have come under intense regulatory scrutiny in recent months over soaring drug costs.
- Managed care organizations CVS Health (CVS), Cigna (CI), UnitedHealth (UNH), and Elevance Health (ELV) are among the leading PBM operators in the U.S. Telehealth stocks include Teladoc Health (NYSE:TDOC), American Well (NYSE:AMWL), and Talkspace (TALK).