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Small Business Employee Benefits and HR Blog

Health Care Reform Timeline - 2012

Over the next two weeks, we will be reviewing the Health Care Reform Timeline (from 2010-2020) in detail. Yesterday, we reviewed 2011. Today, we continue with 2012.

Health Care Reform Timeline - 2012

New Programs in 2012health care reform timeline 2012

  • New Accountable Care Organization (ACO) Medicare program allowing providers organized as accountable care organizations (ACOs) that meet quality thresholds to share in the cost savings they achieve for the Medicare program took effect.

  • New procedures for screening, oversight, and reporting for providers and suppliers that participate in Medicare, Medicaid, and CHIP took effect.

  • Reduced rebates paid to Medicare Advantage plans took effect.

  • New Annual Fees on the pharmaceutical manufacturing sector took effect.

Insurance Reforms in 2012

  • New uniform Summary of Benefits and Coverage (SBC) requirement to help consumers compare health insurance coverage options took effect.

  • New hospital value-based purchasing program in Medicare to pay hospitals based on performance on quality measures took effect.

  • Reduced Medicare payments to hospitals to account for excess hospital readmissions took effect.