Overview of Healthcare Reform Legislation
After including a budget reconciliation process, the House of Representatives passed H.R. 3590, the Patient Protection and Affordable Care Act (the Affordable Care Act), and H.R. 4872, the Health Care and Education Reconciliation Act of 2010 (the Health Care Reconciliation Act).
The Affordable Care Act, previously approved by the Senate on December 24, 2009, was signed into law by President Obama on March 23, 2010.
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Federal Healthcare Reform Legislation is Enacted
Alert
03.26.2010
This week, President Obama signed major new healthcare reform legislation into law. Understanding the impact of this legislation on healthcare providers, businesses, and individuals will be critical in the times ahead. The attached article, provided by The New England Council, summarizes the major provisions of the legislation. The New England Council is a nonpartisan alliance of businesses, academic and health institutions and public and private organizations throughout New England formed to promote economic growth and a high quality of life in the New England region. John Doyle, Chair of Preti Flaherty's Health Law Group, serves on The New England Council's Board of Directors.
Since the attached summary was published earlier this week, there has been additional activity in Congress with both the Senate and the House passing a "Reconciliation Package" - a series of "fixes" - to the legislation on Thursday, March 25. The rest of the summary remains current and includes descriptions of provisions of the new law regarding:
- Employer Responsibilities
- Individual Responsibilities
- Health Benefit Exchanges
- Individual Subsidies
- Financing of Health Reform
- Benefit Design
- Private Insurance
- Cost
- Medicare and Medicaid Changes
Preti Flaherty's Health Law Group welcomes your question on the implications of this legislation and look sforward to working with you in the times ahead as changes to our healthcare system are implemented. Please contact us at jdoyle@preti.com or bbeausang@preti.com.