tci Medicare Compliance & Reimbursement - 2007 Issue 34

LEGISLATION: Lawmakers Seek Fix For Jams In Part D Cash Flow

Bipartisan support encourages insidersA new bill in the U.S. Senate could lead to speedier payments from Part D prescription drug plans ...quot; a development that could save you from borrowing to cover expenses.The Senate bill, the Pharmacy Access Improve-ment Act of 2007 (S. 1954), has a companion bill in the U.S. House of Representatives, the Fair & Speedy Treatment of Medicare Prescription Drug Claims Act (H.R. 1474).Under the Senate proposal, the PDPs would submit Part D pharmacy reimbursement claims within 14 days by electronic funds transfer, and paper claims within 30 days.Senate Finance...

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