Marc Ryan

118. PBM Reform Explosion: What Just Happened — And What It Really Means

Trying to make sense of the recent PBM reforms and their significance? I map them in this podcast and what it really means? It is game-changing. About The Podcast: Millions of Americans feel confused and frustrated in their search for quality healthcare coverage. Between out-of-control costs, countless inefficiencies, a lack of affordable universal access, and little focus on wellness and prevention, the system is clearly in dire need of change. Hosted by healthcare policy and technology expert Marc S. Ryan, the Healthcare Labyrinth Podcast offers accessible, incisive deep dives on the most pressing issues and events in American healthcare. Marc seeks to help Americans become wiser consumers and navigate the healthcare maze with more confidence and certainty through The Healthcare Labyrinth website and his book of the same name. Marc is an unconventional Republican who believes that affordable universal access is a wise and prudent investment. He recommends common-sense solutions to reform

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A Look At The Status Of Congressional Midterm Elections

House very likely to go Democratic with Senate in favor of GOP but increasingly in play A quick blog and a little off topic from my regular entries today. As many of you know, I have been involved in politics all my life – at the local, state, and national levels. I love taking periodic peaks at how elections are shaping up. In the past, I have offered my predictions on elections and today we will take a look at the status of the 2026 midterm elections for Congress in both chambers. My earlier prediction for 2026 midterms When I wrote my annual healthcare prediction blog for the coming year on December 31, 2025, I predicted the following for the 2026 midterms: (1) The Senate would maintain its GOP majority and have between 51 and 53 seats going into January 2027. Today’s Senate count is 53 for the GOP and

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March 11, 2026

Aetna Settles MA Risk Adjustment Case Aetna will pay $117.7 million to resolve False Claims Act allegations that it overbilled the Medicare program. The agreement settles claims related to past risk adjustment submissions in Medicare Advantage (MA). The Department of Justice said some diagnostic codes were not fully supported but were still submitted to secure higher payouts. Aetna also failed to withdraw some inaccurate diagnoses. Additional articles: https://www.modernhealthcare.com/insurance/mh-aetna-medicare-advantage-upcoding-claims/ and https://www.beckerspayer.com/payer/medicare-advantage/aetna-to-pay-118m-to-resolve-medicare-advantage-upcoding-allegations/ (Some articles may require a subscription.) #medicareadvantage #riskadjustment #overpayments #fwa https://www.fiercehealthcare.com/payers/aetna-pay-1177m-settle-medicare-advantage-false-claims-case-doj CMS Goes Hollywood On Fraud The Centers for Medicare and Medicaid Services (CMS) has gone Hollywood with glitzy ads bringing attention to fraud, waste, and abuse (FWA). The Trump administration has had some success. The Department of Justice reported a record $6.8 billion in settlements and judgments under the False Claims Act in the fiscal year that ended Sept. 30, 2025. #fwa #cms https://www.medpagetoday.com/special-reports/exclusives/120256 Researchers Track MA Diversity A

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March 10, 2026

Oz Says Exchanges Have Major Fraud Problem Centers for Medicare and Medicaid Services (CMS) Administrator Dr. Mehmet Oz claimed in his strongest terms yet that he believes major fraud exists in the Exchange enrollment process. He says millions could be inappropriately enrolled. Conservatives say the enhanced Exchange subsidies that have now expired led to millions being enrolled due to zero or near-zero premiums. A number of brokers have been accused of fraudulently enrolling Americans. In January, enrollment in the Exchanges dropped about 1 million, which is far less than estimates. Conservative groups, including the Paragon Institute, have argued that so-called “shadow enrollees” remain in the program. Oz did say he expects enrollment to drop throughout the year to around 19 million. In part this is because of affordability issues due to premium hikes and people being unwilling to pay any premium. #exchanges #coverage #fwa https://thehill.com/policy/healthcare/5776734-oz-claims-aca-fraud-millions JEC Piles On Regarding MA

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March 9, 2026

Balance And Bridge Proposed For GLP-1s The Centers for Medicare and Medicaid Services (CMS) has issued requests for applications for Medicare Part D plans and Medicaid agencies to join the BALANCE model that would bring GLP-1 weight-loss drugs to Medicaid and Medicare in 2026 and 2027, respectively, for those with obesity but not other qualifying disease states for the drugs. CMS will negotiate prices for such drugs with brand drug makers. Participating plans and Medicaid agencies must cover all model drugs from the included manufacturers, and the existing Part D weight-loss coverage exclusion would not apply. The drugs must fall under a plan’s basic benefit structure. In Part D, at least 90% of a plan’s eligible population must be included. Narrower risk corridors are available to plans. Enhanced alternatives and employer group waiver plans must cap beneficiary spending at $50 for a month’s supply during the initial coverage phase. For

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Reports Of MA’s Death Are Greatly Exaggerated

Medicare Advantage’s rocky road will smooth out in time with some political support While earlier pilots and the Medicare+Choice program lived before Medicare Advantage (MA), technically MA celebrated its 25th birthday recently. The Balanced Budget Amendment of 1997 created MA, with coverage starting in 2000. The 25th MA year began with insurers thinking better times were ahead when the pro-business and private healthcare Trump administration returned to power. Yet things didn’t quite turn out that way. What happened in 2025? All of this limits revenue in the future and the ability to use managed care principles to constrain costs. The fallout Actuarial and consulting firm Milliman finds that the average total value added continued to erode from 2025 to 2026, with total value added across general enrollment MA plans declining by more than 8%. The 2026 benefits marked the largest decline in MA.  As well, actuarial and consulting firm Wakely

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March 6, 2026

Health Systems Report Financial Strength Large health systems are on the upswing financially right now, with improved margins, higher volumes, investment returns, technology-driven efficiency, and better cash flow. In addition to the positives cited, health systems are also investing in alternative revenue streams, such as specialty pharmacy and outpatient care. But storm clouds are moving in. Pharmaceutical and supply costs have posted sharp increases. And health systems face financial hits from the Medicaid and Exchange cuts in the One Big Beautiful Bill Act (OBBBA). (Article may require a subscription.) #hospitals #margins #obbba https://www.modernhealthcare.com/providers/mh-health-system-earnings-kaiser-mayo-clinic Health Affairs Forefront Blogs On ACOs and ACCESS Health Affairs Forefront has published a number of blogs on Accountable Care Organizations (ACOs) and the Medicare tech-enabled chronic disease ACCESS model. In one blog, the main question is: “Do ACOs actually save Medicare money?” It notes that the Congressional Budget Office (CBO) has concluded, on average, they do not

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117. The Medicare Advantage Open Season – Good News, Bad News And What The Numbers Really Say

Showing Medicare Advantage’s value, the sky did not fall on MA, but the earth shifted on the program. About The Podcast: Millions of Americans feel confused and frustrated in their search for quality healthcare coverage. Between out-of-control costs, countless inefficiencies, a lack of affordable universal access, and little focus on wellness and prevention, the system is clearly in dire need of change. Hosted by healthcare policy and technology expert Marc S. Ryan, the Healthcare Labyrinth Podcast offers accessible, incisive deep dives on the most pressing issues and events in American healthcare. Marc seeks to help Americans become wiser consumers and navigate the healthcare maze with more confidence and certainty through The Healthcare Labyrinth website and his book of the same name. Marc is an unconventional Republican who believes that affordable universal access is a wise and prudent investment. He recommends common-sense solutions to reform American healthcare. Tune in every week as Marc

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March 5, 2026

Other PBMs May Settle With FTC On Insulin Suits The Federal Trade Commission (FTC) may be close to settlement in its insulin suits with CVS Caremark and OptumRx, two of the remaining big 3 pharmacy benefits managers (PBMs). Express Scripts has already settled and any future settlements are expected to be as far-reaching in terms of impacting existing business practices. The FTC said in a court filing that it is making “significant progress” in talks with the two PBMs, Additional article: https://www.fiercehealthcare.com/payers/ftc-seeing-progress-discussions-optum-caremark-insulin-case #pbms #drugpricing #ftc https://www.healthcaredive.com/news/optumrx-caremark-progress-ftc-settlement-insulin-case/813834 Eli Lilly Launches DTC Platform Eli Lilly has officially launched Employer Connect, its direct-to-employer platform for its obesity medications. The program is aimed at supporting employer choice with multiple models. It will launch with more than 15 independent program administrators as partners. Lilly will offer Zepbound KwikPen to network pharmacies at a discounted $449 price. #glp1s #drugpricing #weightlossdrugs #employercoverage https://www.fiercehealthcare.com/payers/eli-lilly-launches-its-direct-employer-platform-obesity-drugs Hospitals Ask For Halt

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Major Developments On The Medicare Advantage Compliance Front

HHS OIG and CMS up ante on compliance There have been a number of important developments on the Medicare Advantage (MA) compliance front over the past few months. These include the release of a guidance document from the Department of Health and Human Services (HHS) Office of Inspector General (OIG) on compliance as well as the Centers for Medicare and Medicaid Services’ (CMS) 2026 program audit protocol updates. Overview of the MA-ICPG The Medicare Advantage Industry Segment-Specific Compliance Program Guidance (MA-ICPG) is a voluntary, non-binding guidance document from the HHS OIG. The document can be found here: https://oig.hhs.gov/compliance/ma-icpg/ . The guidance is meant to help MA plans and other entities to identify and mitigate compliance risks. The February 2026 guidance updates prior guidance from 1999. It is not meant to overrule or replace OIG’s separate General Compliance Program Guidance (GCPG) or CMS’s compliance program regulations for MA that can be

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