Wednesday, March 31, 2010

What Is Really In The Healthcare Reform Legislation

The recently passed healthcare reform legislation has caused a lot of dramatic debate and protest among voters.  It often seems, however, that many people (proponents and opponents) lack knowledge about the actual content of the legislation.

There are some useful summaries available for learning purposes, however.  In particular, I have recently discovered two helpful summaries of the legislation.

I received one summary (pdf) from a healthcare provider, who is also a reader of Dissenting Justice.  The Senate's Democratic Policy Committee authored the document, which describes in great detail the implementation timeline for the legislation. 

The other document was prepared by Eric Peterson, a lawyer at the prestigious firm Dorsey & Whitney, LLP.  As stated on the Dorsey & Whitney website, Peterson practices healthcare law, and he represents "hospital systems, physician practices, retail and internet pharmacies, insurers . . . other health care providers and payors," and "medical device and pharmaceutical manufacturers." 

Implementation Timeline: Reflecting the Patient Protection and Affordable Care Act and the Health Care and Education Reconcilliation Act (Democratic Policy Committee) (pdf)

Health Care Reform Is Here (Eric Peterson).

See also: 10 Ways Healthcare Reform Could Impact You


Matt P. said...

Thank you for these.

Darren Lenard Hutchinson said...

You're welcome. Normally, I would hesitate to post a document that a political party prepared, but it seems fairly straightforward -- PLUS, the industry lawyer has no reason to sugarcoat things (he's trying to market himself to potential clients).

Josh Dowlut said...

There is an accounting blog contending that the mandate penalty is toothless and amounts to little more than an "honor system." Have you heard anything about this?

From the Joint Committee of Taxation explanation of the penalties:

"The penalty is assessed through the Code and accounted for as an additional amount of Federal tax owed. However, it is not subject to the enforcement provisions of subtitle F of the Code. The use of liens and seizures otherwise authorized for collection of taxes does not apply to the collection of this penalty. Non-compliance with the personal responsibility requirement to have health coverage is not subject to criminal or civil penalties under the Code and interest does not accrue for failure to pay such assessments in a timely manner."

Darren Lenard Hutchinson said...

Josh, I haven't been able to do enough research on this -- but thanks! It's very interesting.

Real Time Analytics