• President Obama Signs Medicare Smart Act Providing Greater Certainty For Liability Settlements
  • January 14, 2013 | Author: Dennis R. McEwen
  • Law Firm: Eckert Seamans Cherin & Mellott, LLC - Pittsburgh Office
  • On January 10, President Obama signed into law H. R. 1845, which includes the Strengthening Medicare and Repaying Taxpayers (“SMART”) Act. The SMART Act, which applies to NonGroup Health Plans (i.e., workers’ compensation, no-fault and liability insurance (including selfinsurance) plans) contains several beneficial provisions that should streamline liability settlement negotiations and provide settling parties with greater certainty regarding the finality of their settlement. Although many of the regulatory details remain to be promulgated by the Secretary of Health and Human Services through administrative action, the highlights of the SMART Act are described below.