BREAKING NEWS: Senate Negotiators Appear Closer to a Deal, with Two-Year Delay of Medical Device Tax in Play

Oct. 14, 2013
As the clock continued ticking down to a possible federal government default on the U.S. debt, leaders in the Senate were engaged on Monday in intensive behind-the-scene negotiations that might possibly lead to a vote to simultaneously raise the country's debt ceiling for some period of time and reopen the federal government, with a two-year delay in the implementation of the medical device tax under discussion.
As the clock continued ticking down to a possible federal government default on the U.S. debt, leaders in the Senate were engaged on Monday in intensive behind-the-scene negotiations that might possibly lead to a vote to simultaneously raise the country's debt ceiling for some period of time and reopen the federal government, which has been shut down since Oct. 1. One element of the deal that seemed to be emerging on Monday afternoon was reported to be a two-year delay in the implementation of the medical device tax, which is one of the sources for the financing of some elements of the Affordable Care Act (ACA). In addition, according to a report in the Washington Post filed by Jonathan Weisman and Michael D. Shear, a final deal may include "some tightening of qualifications for subsidized insurance purchases."
At the same time, Weisman and Shear reported, "House Republicans worked on a separate track to quickly pass a six-week extension of the government's statutory brorrowing authority. But Republican leaders," the reporters said, "were pushing significant changes to the healthcare law, possibly language denying federal subsidies to lawmakers, White House officials and staff members who must buy their health insurance on the Affordable Care Act's new exchanges."
As the Post's report Monday afternoon noted, "President Obama on Monday warned lawmakers that the country stood 'a good chance of defaulting,' with devastating effects for the economy, if lawmakers were not willing to quickly set aside their differences in the coming hours and days."
Healthcare Informatics will continue to keep readers updated on developments in this rapidly developing situation.

Sponsored Recommendations

Going Beyond the Smart Room: Empowering Nursing & Clinical Staff with Ambient Technology, Observation, and Documentation

Discover how ambient AI technology is revolutionizing nursing workflows and empowering clinical staff at scale. Learn about how Orlando Health implemented innovative strategies...

Enabling efficiencies in patient care and healthcare operations

Labor shortages. Burnout. Gaps in access to care. The healthcare industry has rising patient, caregiver and stakeholder expectations around customer experiences, increasing the...

Findings on the Healthcare Industry’s Lag to Adopt Technologies to Improve Data Management and Patient Care

Join us for this April 30th webinar to learn about 2024's State of the Market Report: New Challenges in Health Data Management.

Findings on the Healthcare Industry’s Lag to Adopt Technologies to Improve Data Management and Patient Care

2024's State of the Market Report: New Challenges in Health Data Management