tiprankstipranks
Agile Therapeutics notes Biden administration guidance on contraceptive access
The Fly

Agile Therapeutics notes Biden administration guidance on contraceptive access

Agile Therapeutics commends the Biden-Harris Administration for their continued commitment to reproductive health including increasing access to no-cost contraception. Following several months of focus by the Biden Administration and lawmakers on contraception and impermissible barriers to reproductive healthcare, the Departments of Labor, Health and Human Services, and the Treasury jointly released new guidance in the form of Frequently Asked Questions on Monday, January 22, 2024. The FAQ outlines a “new pathway for plans and issuers to meet existing obligations under federal law by covering, at no cost, a broader range of FDA-approved contraceptive drugs and certain devices.” The Tri-Agencies describe how plans may comply with the ACA requirement to cover contraception without cost sharing by “covering all (FDA) approved drugs and drug-led devices other than those for which there is a covered therapeutic equivalent” as identified in the Orange Book. This new pathway comes after reports of many plans and issuers imposing impermissible barriers to no-cost contraceptive coverage The new guidance follows the President’s Executive Order in June 2023, which directed the Secretaries to consider actions, to the greatest extent permitted by law, that will ensure coverage of comprehensive contraceptive care including all contraceptives approved, granted, or cleared by the Food and Drug Administration, without cost sharing for enrollees, participants, and beneficiaries. “We recognize the importance of reproductive freedom for women and applaud the administration for taking concrete actions to ensure women have access to the contraceptive product that is right for them without barriers and cost-sharing,” said Agile Therapeutics, Inc.’s Chairperson and Chief Executive Officer Al Altomari. “We believe the new guidelines take a significant step towards eliminating financial barriers to contraceptives and we look forward to working with patients and providers interested in a low dose patch option like Twirla.”

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on AGRX:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles