Law360, New York (March 10, 2014, 7:22 PM EDT) -- Bowing to widespread outcry, federal regulators on Monday abandoned several controversial Medicare Part D proposals, including plans to end guaranteed access to certain drugs and cap the number of prescription drug plans that insurance companies offer.
The decision by the Centers for Medicare and Medicaid Services came on the heels of Friday’s deadline to weigh in on the proposal. At least 7,500 comments were submitted — about 15 times the number received during the most recent prior round of Part D tweaks — with a large number appearing hostile to CMS’ plans.
“During the rule’s comment period, we received numerous concerns...
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