German kidney dialysis provider Fresenius Medical Care (FMC) is challenging a U.S. move to end assistance to patients with end-stage renal disease (ESRD) because that could have a material adverse effect on its business.
According to FMC, it and other providers and patient advocates had filed a lawsuit challenging the rulemaking process and seeking to stop the new regulation, which it said is due to take effect on Jan. 13.
It said in a statement that the new regulation could put an end to assistance programmes that help fund health insurance premiums for patients with ESRD, with between 700 and 2,000 FMC patients potentially affected.
FMC said it could suffer a material adverse effect on our business if the regulation does become effective, along with efforts by insurers to reject premium assistance for ESRD patients.
The medical service provider said it received a subpoena on Jan. 3 from the U.S. Attorney for the District of Massachusetts seeking information related to the premium assistance programme, adding it was cooperating with the investigation.
Source: Voice of Nigeria