Friday, June 29, 2012

Health Care Reform Law

The Supreme Court upheld the 2010 Health Care Reform Law ("Obamacare"), in its entirety. that means the following items will take effect beginning in the near future: 2012 • Medicare hospital value-based purchasing program • Increase in physician quality reporting requirements in Medicare • Additional Medicare pilot programs on alternative payment methodologies, e.g., accountable care organiza...tions • Increased requirements for hospitals to maintain not-for-profit status • Fees from insured (including self-insured) plans transferred to the Patient-Centered Outcomes Research Trust Fund 2013 • Increase Medicare payroll tax by 0.9% on high-income earners • Impose a 3.8% tax on net investment income of high-income individuals • $500,000 cap on health insurers’ deduction for executive compensation • Eliminate employer deduction for Medicare Part D subsidy • FSA limitations • Excise tax on medical device manufacturers and importers • Medical expense deduction floor increases to 10% • Nationwide bundled payment pilot begins in Medicare • Increased Medicaid reimbursement for primary care • Medicare physician comparison data available to the public • Reductions in Medicare payments for select hospital readmissions • Expanded coverage of preventive services by Medicaid

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