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Health Policy Report (8/19)

CMS Adds Star Ratings to All Exchanges The Centers for Medicare and Medicaid Services (CMS) released guidance last Thursday indicating that it would bring its Star Ratings — long the province of Medicare Advantage and programs like Nursing Home Compare — to all CMS-administered health care exchanges. Starting with the open enrollment for plan year 2020, all plans sold on the federal exchange, federally-facilitated exchanges, and state exchanges will bear star ratings, giving customers the ability to see simple quality metrics when selecting an Exchange plan. “Increasing transparency and competition drive better quality and cost, with consumers benefitting the most,” said CMS Administrator Seema Verma in a press release accompanying the rollout Concurrently with the announcement, CMS released star ratings and quality measure data from plans sold during Plan Year 2019.

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Financial Services Report (8/5)

Both the House and Senate are in the August Recess and will return on September 9th. When the Senate returns in September it will continue approving executive nominations, including those of Kelly Craft to be UN Ambassador and Michelle Bowman to the Fed Board.   The House Financial Services Committee will also have a full September agenda.   Last Week in the House   House lawmakers have left Washington for the six-week August recess. The lower chamber will resume legislative business on Monday, September 9.   Last Week in the Senate  The Floor  On Thursday, the Senate voted 67-28 to pass the sweeping budget deal, that provides for a $321 billion increase in federal spending, and also suspends the debt ceiling over the next two years .