"Summary Prospectus" Now May Be Used

Under ERISA Section 404(c) in Lieu of Statutory Prospectus 

On September 8, 2009, the U.S. Department of Labor (the “DOL”) issued Field Assistance Bulletin 2009-03. This guidance states that a fiduciary may continue to satisfy ERISA Section 404(c)’s requirements by providing a mutual fund’s “summary prospectus” rather than …

  • Replacing the scheduled 21.5 percent reduction in 2010 Medicare physician payments with a 0.5 percent increase;
  • Requiring that all eligible health professionals participate in Medicare’s Physician Quality Reporting Initiative by 2011;
  • Creating a 10 percent bonus payment for primary-care and general-surgery providers who practice in health professional shortage areas. Funding for this five-year bonus,

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Senate Finance Committee Chairman Max Baucus (D-MT) has introduced the America’s Healthy Future Act of 2009. It is scheduled for a full Committee markup on September 22, where Democrats hope to obtain more Republican support.

The bill offers initiatives that will help all Americans meet the requirement of having health coverage, such as the expansion…

As of September 8, 2009, all federal contractors and subcontractors are now required to utilize the controversial E-Verify system to confirm an employees right to work legally in the United States.  In addition, those companies receiving stimulus funds will be required to implement E-Verify.  The controversy arises from the fact that the administration continues to …

As of September 8, 2009, all federal contractors and subcontractors are now required to utilize the controversial E-Verify system to confirm an employees right to work legally in the United States.  In addition, those companies receiving stimulus funds will also be required to implement E-Verify.  The controversy arises from the fact that the administration continues

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The Massachusetts Supreme Court ruled in Board of Registration in Medicine v. Hallmark Health Corp. that the Massachusetts licensing board would subpoena certain hospitals peer review records. 

In Director of Health Affairs Policy Planning, University of Connecticut v. Freedom of Information Commission, the Connecticut Supreme Court ruled that the state’s freedom of information…

The U.S. Department of Justice issued a press release on August 25, 2009 announcing a $4.5 million False Claims Act Settlement against an Iowa hospital, Covenant Medical Center. The False Claims Act liability allegations were based upon charges by the Attorney General that paying excessive compensation violated the Stark Law.

Based upon IRS 990 forms, the…

A recent Allegheny County Court Case clearly establishes that the enforceability of restrictive covenants is not an urban myth; they are enforceable and vigorously litigated.  In Allegheny Specialty Practice Network and the West Penn Allegheny Health System v. Joseph J. Colella, M.D., ASPN and WPAHS obtained a preliminary injunction prohibiting Dr. Colella…

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