The Australian Prudential Regulation Authority (APRA) has released its private health insurance risk equalisation statistics publication for the 2019/20.
APRA has closed its investigation of Westpac into possible breaches of the Banking Act 1959 in relation to allegations of breaches of anti-money laundering laws.
Friday, March 12, 2021
McDermott+Consulting is pleased to provide the McDermottPlus Check-Up, your regular update on health care policy from Washington, DC.
This Week’s Dose
Congress
Biden Signed American Rescue Plan
The American Rescue Plan of 2021 (ARP) largely follows President Biden’s initial $1.9 trillion proposal. The ARP extends unemployment insurance benefits and provides $1,400 stimulus payments to qualifying Americans. It also makes several important health policy changes, including providing funding for vaccine distribution and COVID-19 testing, making policy adjustments to Medicaid, facilitating insurance coverage and providing another $8.5 billion through a Provider Relief Fund look-alike mechanism to specifically support rural providers. The final bill also makes two narrowly focused Medicare payment changes. The version that was signed into law ultimately did not include a federal minimum wage increase, or a number of other financial and regulatory
The prudential regulator has closed its investigation into Westpac over the AUSTRAC scandal that rocked the bank in 2019. APRA commenced its investigation in 2019 to examine prudential concerns arisin
The government’s proposed superannuation performance test would be detrimental to the super system and is not in the best interests of members, according to Chant West.