Wednesday, December 12, 2012

Next 6 months in Health Care

Next 6 months in Health Care

My gut feeling is that we will fall off the fiscal cliff and then reach some sort of resolution in 2013 but what are the implications for Health Care? Well we've already seen a few, medical device companies are laying people off because of the new taxes hitting January 1, 2013. Not surprisingly 18 US Senators(All democrats) have sent a letter to the White House asking them to not enforce the tax. I guess they noticed they stuck it to their own constituents finally with that tax. Plus your premiums are going up another $65 as an added fee gets started this year(to pay for the uninsured). I think its only the start and the confusion will get worse. I suspect a lot of grant programs will get gutted in HHS as the money disappears.  Plus you will see more RAC audits take place as the federal government wants to pay out less money.  The ACA Act I think will undergo some revision as the economy did not recover in time to lessen the blows of the new provisions. It's going to be a messy ride. 

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