House and Senate Hearings Detail Challenges with Implementation of the ACA
Thursday, September 13, 2012
Hearings in the U.S. House and Senate this week displayed bipartisan
frustration with the IRS, CMS and other agencies that are responsible
for issuing rules and regulations on implementation of the Affordable
The Senate Aging Committee held a hearing entitled "Parting the
Clouds: Implementing the Physician Payments Sunshine Act," and Senators
expressed frustration that CMS had yet to issue final rules regarding
"Many companies have already begun piloting these systems to ensure
they are capturing all the relevant information," said Senator Chuck
Grassley (IA), Ranking Member of the committee. "However, with a lack
of recognized practices from CMS on how to move forward, companies
cannot prepare to meet the letter of the law."
In addition, the House of Representatives' Energy and Commerce
Committee held a hearing to examine how the IRS is planning to implement
the myriad of tax provisions and penalties that are contained in the
Congressman Erik Paulsen (MN), sponsor of legislation to repeal the
medical device tax, pressed the IRS deputy commissioner on its inability
to provide a final rule for implementation of the tax, and how
complicated it would be for companies to track.
Speaking about the importance of repealing the tax before it is
implemented, Congress Paulsen noted ""We continue to hear of American
companies already beginning to lay-off employees in anticipation of this
dangerous new tax. We need to be doing everything we can to repeal
this tax not only because the administration seems to be ill prepared
for its implementation, but more importantly, because it will cost this
nation valuable jobs in a valuable industry."
To watch Congressman Paulsen's questioning about the device tax, click here.