Gov't backs down over limiting Medicare coverage for some drugs

|By:, SA News Editor

The White House has dropped a proposal to permit insurers to limit Medicare coverage for certain types of pharmaceuticals, including drugs for depression and schizophrenia.

Medicare argued that the measure would have saved money, but the Administration ran into trouble with patients, drug firms and members of Congress from both parties.

Health insurers: AET, HNT, HUM, UNH, WLP, MOH.

ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS