Check one thing off the list of Medicare reform measures: the closing of the “doughnut hole,” the gap between the cost of prescription drugs and the amount covered by Medicare. Under Obama’s health care reform plan, drug makers were required to sell all drugs in the doughnut hole — any priced between $2,800 and $4,550 — at a 50 percent discount. This has meant significant savings for seniors, totaling about $1.5 billion dollars saved programwide. What’s the next, much-needed step? A measure to tackle the systemic abuse by providers who bill for services never provided.
Aligning the enforcement date with that of the SEC’s Regulation Best Interest is "helpful" to CFP professionals given the "significant overlap in the two sets of standards," said CFP Board Chair Susan John.
Some will increase the number of ETFs; others could restrict it.
The joint summary explains the compliance implications for qualified opportunity funds under federal and state securities laws.
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