• Unheralded Provisions of 2005 DRA Will Require Additional Employee Fraud Training Effective January 1, 2007
  • June 2, 2006 | Authors: Christine E. Bloomquist; Carol Colborn Loepere; Joseph W. Metro; Wendy H. Schwartz
  • Law Firms: Reed Smith LLP - Washington Office ; Reed Smith LLP - New York Office
  • On February 16, 2006, we circulated a client memorandum describing the Deficit Reduction Act of 2005, P.L. 109-71 (the "DRA"), signed into law by President Bush on February 8, 2006. The legislation contains extensive provisions intended to reduce net Medicare spending by over $5 billion over five years, and cut Medicaid spending by over $4.7 billion, also over five years.