Health Care Reform – Update

Today’s New York Times reports that Republicans are actively working to unravel and cripple as much of the Health Care Reform legislation as possible. Proposed tactics include withholding funding necessary to enforce the law, restricting the ability of the IRS  to collect fees and penalties, and reducing the funding of Medicaid. (Interestingly, Peter Orszag recently submitted an OpEd in the same paper explaining the effect that increasing healthcare costs had on the nation’s public education system.) The Republicans are also planning to delay and impair elements of the law through parliamentary procedure, requesting hearings and attaching provisions to spending bills that would likely complicate an already complex piece of legislation.

In short, the industry is in for a tumultuous ride regardless of how things play out.