The Washington Report
March 05, 2025
Note to Subscribers
While we do our best to provide timely updates, it is possible that the information shared in the newsletter may change after our publication deadline.
Executive
President Signs EO on Healthcare Price Transparency
On February 25, 2025, the President signed an Executive Order (EO) on price transparency in healthcare. The EO directs the Departments of Treasury, Labor, and Health and Human Services to “rapidly implement and enforce the Trump healthcare price transparency regulations.” For more information, see the Aon bulletin entitled Trump Administration Issues Executive Order Directing Further Implementation of Health Plan, Hospital Price Transparency, in the Publications section of this newsletter.
The EO is available here.
A Fact Sheet is available here.
Aon Publications
Trump Administration Issues Executive Order Directing Further Implementation of Health Plan, Hospital Price Transparency
On February 25, 2025, President Trump signed an Executive Order (EO) directing the Departments of Health and Human Services, Labor, and Treasury (Departments) to issue additional guidance and enforcement for health plan and hospital price transparency. The EO, entitled Making America Healthy Again by Empowering Patients with Clear, Accurate, and Actionable Healthcare Pricing Information, directs the Departments to focus on:
- Requiring the disclosure of actual prices, not estimates of prices;
- Providing updated guidance for standardizing price disclosures for easy comparison across health plans and hospitals; and
- Issuing guidance and regulatory action updating enforcement policies to ensure compliance with reporting complete, accurate, and meaningful data.
The Aon bulletin is available here.
IRS Provides More Guidance on March 3 Deadline for Alternative Form 1095-C Delivery Method
The Internal Revenue Service (IRS) issued a notice clarifying that employers using the alternative method to furnish Forms 1095-C to full-time employees must post their notices of availability in a clear, conspicuous, and accessible manner on their websites by March 3, 2025.
The Aon bulletin is available here.
Now Available: Legal Consulting & Compliance Quarterly Update
The Retirement Legal Consulting & Compliance practice is pleased to present its Quarterly Update of recent legal developments for the first quarter of 2025. In this issue you will find the following articles:
- Preapproved DB and DC Plans Continuing to Grow in Popularity
- Compliance Corner: Don’t Forget Key Compliance Dates for 2025
- DC Plan Expenses: Second Circuit Court Decision Helps Employers
- Sixth Circuit Appears to Lower Pleading Standards in ERISA Fiduciary Breach Case
- Quarterly Roundup of Other New Developments
The first quarter 2025 issue of the Retirement Legal Consulting & Compliance Aon Quarterly Update is available here.