The Biden administration on Friday finalized new guidelines meant to chop down on widespread overbilling by personal Medicare Benefit insurance policy, however softened the strategy after intense lobbying by the business.

Regulators are nonetheless shifting ahead with guidelines that can decrease funds to insurers by billions of {dollars} a 12 months. However they’ll section within the modifications over three years, quite than all of sudden, and that can reduce the rapid results.

Within the brief time period, personal well being plans will…

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