On January 1, 2013, the U.S. Congress approved the American Taxpayer Relief Act of 2012, concluding a protracted debate on how to prevent the United States from falling over the proverbial “fiscal cliff.” President Obama signed the legislation into law on January 2, 2013. The legislation includes more than 40 Medicare and Medicaid changes, many of which will significantly affect payment for and regulation of health care items and services. The legislation also omits numerous Medicare and Medicaid changes that would have more dramatically altered the payment and regulatory landscape. While some in the health care industry may be breathing a sigh of relief over bullets dodged, the reprieve may be short-lived, as the Act sets Congress on a course to again consider substantial changes to Medicare, Medicaid and other entitlement programs as soon as February 2013. This White Paper summarizes the Medicare, Medicaid and health reform provisions included within the Act, and looks ahead to the next wave of legislation that may be swelling offshore.
Please click here to view the entire White Paper in Adobe PDF format.
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