Regulations: CMS issues final rules about adopting electronic transfers and reporting prescription drug costs
Medicare Weekly Update, January 17, 2012
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CMS issues interim final rule requiring the adoption of a standard for electronic funds transfers
On January 10, CMS issued an interim final rule with comment period implements parts of the Affordable Care Act which requires the adoption of a standard for electronic funds transfers (EFT). It defines EFT and explains how the adopted standards support and facilitate health care EFT transmissions.
CMS issues a final rule regarding the reporting of prescription drug costs
On January 12, CMS issued a final rule that implements and finalizes provisions regarding the reporting of gross covered retiree plan related prescription drug costs (gross retiree costs) and retained rebates by Retiree Drug Subsidy sponsors; and the scope of CMS’ waiver authority under the Social Security Act.
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