Showing 5 posts in Patient Protection and Affordable Care Act.
Will the Delaware exchange follow New York and California with lower rates than expected? Stay tuned. Launch date is currently January 1, 2014.
Yesterday, the Obama administration released final rules on employment-based wellness programs as a further implementation of the Affordable Care Act. The final rules purport to support workplace health promotion and prevention as a means to reduce long term costs associated with chronic illness The final rules will be effective for plan years beginning on or after Jan. 1, 2014. The rule was issued May 29. To view the final rule, click here.
A mere few weeks after its launch, and the Delaware Healthcare Industry Blog is setting the national agenda on Affordable Care Act implementation!
As we bemoaned in a prior blog post, the gradual roll-out of widespread health care reform under the 2010 Patient Protection and Affordable Care Act (the “Affordable Care Act”) saw several new tax increases and other revenue-generating mechanisms come into law in 2013, including a new medical device . The 2.3 percent excise tax is now assessed on the sales price of most medical devices when purchased from a manufacturer, producer, or importer.
Although the medical device tax remains law, the that demonstrate widespread bipartisan opposition to the new tax: took steps on March 21st
“The Senate voted 79-20 to call for repeal of the tax, but the resolution is non-binding and will not change the levy. The symbolic measure will be attached to a non-binding budget measure drafted bythat is expected to pass on Friday.
Full repeal of the tax may be difficult to achieve, given its $30 billion price tag and the opposition of key Senate Democrats, including Majority Leader.”
Naysayers may point out “nonbinding resolution” is not normally the mark of a D.C. power player (or that “the opposition of key Senate Democrats” includes both of the gentlemen sent to Washington by the Diamond State). ’s – one of the 33 Democratic Senators who joined with all of their Republican colleagues in last month’s purely symbolic vote – is suggesting that more formal legislation may follow. Sen. Franken has good reason for optimism; as the points out, the House of Representatives came close to a veto-proof vote on its own anti-medical device tax bill last June. Watch here for further developments!