Health Care Update - December 2014 #2

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In This Issue:

- SGR Replacement Odds Not Likely to Increase Ahead of Upcoming Deadline

- Implementation of the Affordable Care Act

- Other Federal Regulatory Initiatives

- Congressional Initiatives

- Ongoing Ebola Response

- Other Health Care News

- Upcoming Congressional Hearings

- Excerpt from SGR Replacement Odds Not Likely to Increase Ahead of Upcoming Deadline:

Stakeholders have little doubt that efforts to replace the Medicare physician payment formula designed to control spending, known as the Sustainable Growth Rate (SGR), is going to be as hard, or even harder, to accomplish on Congress’ next try. The current pay patch expires March 31st and Congress must find just under $119 billion over 10 years to completely pay for a permanent replacement bill.

Although legislators nearly worked out a bipartisan deal before the last deadline in March 2014, subsequent retirements—including then-Senate Finance Chairman Max Baucus, who went on to become Ambassador to China, and soon to-be-retired House Ways and Means Chairman, Dave Camp (R-MI)—means a new cast of characters at the negotiating table. Even more changes are forthcoming as Representative Paul Ryan (R-WI) ascends to the House Ways and Means chairmanship and Senator Orrin Hatch (R-UT) takes over the Senate Finance Committee. Outgoing Senate Finance Chairman Ron Wyden (D-OR) will take the Ranking Member position as the top Democrat on the Committee.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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