EFT and RA Transaction Operating Rules IFC Published in Federal Register August 10

August 10, 2012.  Today, the Interim Final Rule with comment period (IFC):  Administrative Simplification:  Adoption of Operating Rules for Electronic Funds Transfers (EFT) and Remittance Advice Transactions, was published in the Federal Register.  The effective date of the IFC is the date of publication, August 10, 2012.   Comments on the IFC may be submitted to the Department of Health and Human Services (HHS) on or before October 9, 2012, with submission instructions included on page 48008 of the IFC.    The Executive Summary (without footnotes) from the IFC follows: “A.  Purpose of the Regulatory Action.  Health care spending in the United States constitutes nearly 18 percent of the US…

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President Obama’s Council of Economic Advisers Outlines Economic Case for Health Care Reform

The Council of Economic Advisers in the Executive Office of the President published on Tuesday, June 2, 2009, The Economic Case for Health Care Reform. We provide an excerpt from the beginning of the Executive Summary that highlights “large economic impacts” of health care reform, and the report’s conclusion (Section VII on pp. 38-39) that highlights that the current “American health care system is on an unsustainable path.” Excerpt from Executive Summary The Council of Economic Advisers (CEA) has undertaken a comprehensive analysis of the economic impacts of health care reform.  The report provides an overview of current economic impacts of health care in the United States and a forecast…

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