On Tuesday, March 23rd President Obama signed the Patient Protection & Affordable Care Act (H.R. 3590 – commonly called the Health Care Reform Act).  A few days later he signed the Health Care and Education Affordability Reconciliation Act of 2010 (H.R. 4872).  Signing this legislation made Health Care Reform the official law of the land.  Over the next eight years this reform will re- the system that delivers health care to U.S. residents.  Health Care Reform recalibrates incentives for health care providers and those who create life-saving technologies.  It also penalizes those who do not follow its prescriptions.  Health Care Reform will touch the lives of every man, woman, and child in the United States.  Its -term consequences; good and bad, intended and unintended, cannot be overstated. 

How will Health Care Reform affect your insurance, your wallet, and your relationship with your doctor?  How will it affect your business and its bottom line?  These are important questions.  Questions I will attempt to answer as details emerge.  Although the most substantive changes occur between 2014 and 2018, many and significant rules take effect this year.  Below is a brief summary of some changes you may encounter in 2010. 

In today’s column we have highlighted a few of the more immediate changes brought about by the passage of Health Care Reform.  I hope these highlights provide an idea of what to expect in the year.  The details, however, are not carved in stone.  Regulations that will define the law as a matter of practice have yet to be chiseled out.


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