Insurance Companies to Speed Up Prior Authorization Process Under Biden Administration’s Finalized Rule
WASHINGTON, D.C. – The Biden administration has announced new regulations aimed at curbing the practice of prior authorization by private health insurance companies. Prior authorization often leads to delayed care and opaque appeals processes for patients seeking medication or surgery. Under the newly finalized rules, insurance companies working with federal programs will be required to expedite the approval process for urgent requests and make decisions within 72 hours. Additionally, these companies must provide a specific …