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2010 health care reform legislation – new health care initiatives
On March 23, 2010, President Obama signed into law the “Patient Protection and Affordable Care Act” (H.R. 3590). One week later, on March 30, 2010, the President signed into law the “Health Treatment and Education Reconciliation Act of 2010” (H.R. 4872), which modified key provisions of H.R. 3590 (collectively referred to as the “Acts”). The Acts will substantially change the nation’s wellness treatment program. Numerous of the Acts’ provisions impose new needs with respect to group wellness plans or otherwise pertain to wellness insurance policies and programs that bear upon employee advantages applications.
This Customer Alert offers a summary of some of the new health care initiatives reflected within the Acts, such as requirements applicable to Health Insurers and States, a national long-term treatment plan and grant programs. Additional Customer Alerts cover other factors of the Acts and related regulatory guidance. Since the Functions have broad impact to the health care field and are extremely complex, it ought to be emphasized that these Client Alerts don’t make an effort to be exhaustive within the topics covered or even the details presented.