Certification Regarding Debarment, Suspension, Ineligibility and Voluntary Exclusion Lower Tier Covered Transactions â¬ This certification is required by the regulations implementing Executive Order 12549, Debarment and Suspension, 13 CFR Part 145. The regulations were published as Part VII of the May 26, 1988 Federal Register (pages 19160-19211).
Legal Definition of insolvent. 1  1 : having ceased paying or unable to pay debts as they fall due in the usual course of business â compare bankrupt. 2  2 : having liabilities in excess of a reasonable market value of assets held. 3  3 : insufficient to pay all debts an insolvent estate.
It 's not until you see the list of the 20 most expensive drugs in the U.S. that the reason why Medicare will become insolvent in 2024 hits home : As Medicare is banned by law from negotiating drug prices , and must accept whatever pharmaceutical companies charge , it is no wonder that companies are announcing prices in excess of $400,000 for one ...