(HR 3590) and of the Health Care and Education Reconciliation Act of 2010 (HR 4872) (collectively, the Act). The effects of the Act on the U.S. economy could be as sweeping as those resulting from the passage of Medicare and Social Security. The considerations outlined in the report are intended to assist public entities in preparing their financial statements and Managements Discussion and Analysis, and in initiating dialogue with their advisors on the impact of the new legislation. While many of the accounting and disclosure considerations will apply directly to specific industries only, others will have broader applicability. Public entities should therefore consider the provisions of the Act that may directly or indirectly affect administrative or other costs (such as human resources or health care premiums).”
Deloitte: A Summary of the Financial Reporting and Disclosure Implications of the Health Care Reform Legislation
(HR 3590) and of the Health Care and Education Reconciliation Act of 2010 (HR 4872) (collectively, the Act). The effects of the Act on the U.S. economy could be as sweeping as those resulting from the passage of Medicare and Social Security. The considerations outlined in the report are intended to assist public entities in preparing their financial statements and Managements Discussion and Analysis, and in initiating dialogue with their advisors on the impact of the new legislation. While many of the accounting and disclosure considerations will apply directly to specific industries only, others will have broader applicability. Public entities should therefore consider the provisions of the Act that may directly or indirectly affect administrative or other costs (such as human resources or health care premiums).”
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