Print this page

Expanded coverage requirements and potential increased demand on physicians

April 5, 2010

Expanded coverage is set to begin January 1, 2014, and continue through 2019, eventually providing access to approximately 32 million individuals currently considered uncovered. All U.S. citizens and legal residents will be required to obtain coverage or incur a tax penalty. In response to the increasing numbers of insured, the demand for additional healthcare providers is initially expected in primary care specialties, and then expanding to other specialties.

Expanded coverage is expected in the form of three options:

1.) newly formed health insurance exchanges

2.) subsidies available to assist low-income individuals

3.) Medicaid expansion

Employers will not be required to provide coverage. However, employers with more than 50 employees that do not offer coverage will be charged an assessment if one or more of their employees utilize federal subsidies. Furthermore, employers that offer coverage and have more than 50 employees will also be charged an assessment if one or more of their employees utilizes federal subsidies. States are required to establish the health insurance exchanges (Exchange) effective January 1, 2014. Employers providing coverage are required to offer a free choice voucher for enrollment in a plan in the Exchange to employees with income less than 400 percent of the Federal poverty level.

There remains a significant amount of groundwork to be defined and implemented before the expanded coverage begins. The outcome of lawsuits and threats of repeal will also impact implementation of expanded coverage rules. These next few months promise to be challenging and unpredictable, as this bill begins to take shape.

Future articles will address physician payments, physician-owned hospitals, Medicaid programs, health insurance exchanges, the new Independent Payment Advisory Board and more.

If you have any questions about this article or if you would like more information about HORNE's Health Care Services, please contact Jennifer Lott at jennifer.lott@horne-llp.com or by phone at 601.268.1040.





Links


News

Establishing and Maintaining Fair Market Value Physician Compensation
May 2012: The use (or misuse) of compensation survey data, descriptions commonly used physician employment compensation models, and the use of the rebuttable presumption for establishing and maintaining fair market value for all physician-hospital compensation arrangements are all points that must be addressed.

Improved Delivery Key to Success for Health Care Organizations
April 2012: According to HORNE's Tommy Prewitt, M.D., success for health care organizations is going to be dependent upon clinical process improvement, and success will depend primarily upon leadership.

HORNE Partner Contributing Author to the The ACO Handbook Published by AHLA
RIDGELAND, Miss., January 24, 2012 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, along with the American Health Lawyers Association, recently announced the publication of The ACO Handbook: A Guide to Accountable Care Organizations, First Edition with CD-ROM.  HORNE Partner Rud Blumentritt, CPA/ABV, CVA, was a contributing author to the resource published by AHLA.

Events

Hospital-Physician Integration
May 8, 2012: Lafayette, LA - Partner Rud Blumentritt addresses hospital-physician integration strategies, suggestions for success, potential issues, and current trends/future models at the Louisiana HFMA Annual Institute.


Downloads

Assessing Intangible Value in a Physician Practice Acquisition

Capitalizing on Healthcare Reform--Providing Value to Your Clients in a Time of Change

The ACO Concept

 

 

 

Printed from www.horne-llp.com. In compliance with IRS Circular 230, any statements or tax advice which are contained on this Web site are not intended or written to be used and cannot be used by any taxpayer for the purposes of avoiding penalties that may be imposed on the taxpayer.