Mock Source Selection Exercise: Advanced Workshop on Responding to Federal Government Proposals

 

Wednesday, June 9, 8am-5pm

Thursday, June 10, 8am-12pm

 

Location: King Center for Performing Arts

Reservations required

 

Registration fee - $95

 

Access the event flyer to learn more and register 

2010 Healthcare Reform Legislation

Two bills signed into law by President Obama at the end of March will change health care in the United States and have an impact on every medical practice, employer and citizen of our country.

While many of the changes mandated by the Patient Protection and Affordable Care Act and the Health Care and Education Affordability Act of 2010 will not be implemented for a number of years, others will take effect immediately.

The new landmark laws will have an impact on many key health reform areas. However, they did not address the issues related to the Sustainable Growth Rate formula used for setting Medicare physician payment rates.

Physicians continue to be subject to a last-minute guessing game of whether Medicare reimbursement will drop precipitously or Congress will step in at the last minute to stave off the cuts. Congress is expected to address this problem when it returns from recess in April.

The two new laws together exceed 3,000 pages. The following information highlights some of the more important areas impacting employers, individuals and medical practices.

More information on the health reform legislation can be found at http://www.whitehouse.gov/health-care-meeting/proposal. The full text of both laws will be published in the Federal Register in the next few weeks.

Since these initiatives have varying implementation dates, businesses should carefully evaluate which aspects of the legislation affect them and create a budget to determine the financial impact on their organizations. Businesses should work with their insurance brokers, healthcare attorneys and CPAs to ensure compliance. The changes may require modification of employee handbooks, employment contracts and corporate documents.

There may be efforts in the coming months and years prior to 2014 to roll back some of the changes found in this legislation.

Businesses, medical practices and individuals should continue to monitor the news carefully to understand the full impact of the healthcare reform legislation.