This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Patton Boggs Congratulates MARC Coalition On Passage Of Legislation To Speed Medicare Repayment

WASHINGTON, Jan. 10, 2013 /PRNewswire-USNewswire/ -- The law firm of Patton Boggs LLP congratulates the Medicare Advocacy Recovery Coalition (MARC) for their role in helping secure enactment of the Strengthening Medicare and Repaying Taxpayers (SMART) Act, H.R.1845. The legislation was signed into law today by President Barack Obama after enactment by the Congress on December 21, 2012.

(Logo: http://photos.prnewswire.com/prnh/20100701/PH30116LOGO-b )

Introduced in the spring of 2011 by Congressman Tim Murphy (R-Pa) and Ron Kind (D-WI) as H.R. 1063 and several months later by Senators Ron Wyden (D-Or) and Rob Portman (R-Oh) as S.1718, the legislation will significantly improve the efficiency and cost-effectiveness of the current Medicare Secondary Payer (MSP) system.  Increases in efficiency, combined with reductions in fraud and waste, will result in taxpayer savings of $45 million over the next ten years, according to estimates by the Congressional Budget office.

The MARC Coalition advocates for the improvement of the Medicare Secondary Payer (MSP) program for beneficiaries and affected companies by facilitating strategic alliances with Congressional leaders and government agencies to focus on issues of MSP reform. Patton Boggs served as a key adviser to the coalition in designing the advocacy strategy for the SMART Act and leading the Coalition and stakeholder effort to pass the legislation. Patton Boggs was able to coordinate over 50 organizations in the coalition effort.   

"This is a tremendous achievement for the MARC Coalition," said David Farber, a member of the Patton Boggs team representing MARC's interests before Congress. "Three years ago, very few in Congress had heard of MSP.  To have passed reform legislation in such a short period is remarkable, and a testament to the MARC Coalition's efforts and abilities."

In streamlining the reimbursement and claims processes, the legislation affords significant benefits to Medicare beneficiaries, and businesses large and small. The SMART Act also benefits the Medicare Trust Fund by speeding repayment of amounts owed from Medicare beneficiary claims directly to the Medicare Trust Fund.  The SMART Act enjoyed strong bipartisan support, and was been endorsed by such key stakeholders as the U.S. Chamber of Commerce, the National League of Cities, the nation's leading insurers, and retailers and dozens of businesses nationwide.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs