CMS Drafting Penalty Regs for Failure to Report Settlements

By Mark Larson, ReporterMore than seven years after enactment of a federal law that requires insurers and employers to report future-medical settlements with Medicare beneficiaries, the Centers for Medicare and Medicaid Services may finally be on the verge of adopting regulations that will spell out how the government will assess penalties for noncompliance.By year's end when the rule making process now underway might be completed, say analysts, penalties for Section 111 reporting noncompliance could be in place. Now, insurers and other stakeholders are lining up to provide their...