A recent decision by a Centers for Medicare & Medicaid Services ("CMS") Administrator serves as a reminder to providers regarding "bad debt" collection efforts. Medicare providers can be reimbursed for "bad debts," which are "uncollectible" amounts attributable to...
PLDO Law Blog
Month: December 2014
Medicaid Market Explodes as Primary Care Doctors Face Major Cut in Fees for Services
The market is flooded with millions of people who have new Medicaid coverage at the same time primary care physicians (PCP) who care for this population face a major cut in pay. The Affordable Care Act (ACA) authorized the federal government to fund a temporary...
Health Care Premium Tax Credits Under Review by U.S. Supreme Court: Decision Could Have Far-Reaching Consequences
On November 7, 2014, the Supreme Court of the United States decided to take up the issue of whether premium tax credits provided for under the Affordable Care Act (ACA) are available on both state and federal health insurance exchanges. The Court will hear arguments...
Massachusetts Voters Approve New Sick Leave Law: What It Means To Your Business
Massachusetts employers would be well advised to update their written policies, employee handbooks and internal record keeping procedures to prepare for a new law that provides one of the most generous sick leave mandates in the country. On November 4, 2014,...
LAST MINUTE CHANGE TO RI ADULT USE CANNABIS LEGISLATION BENEFITS LICENSED CULTIVATORS
Rhode Island appears to be on a definitive track towards legalization of cannabis and establishing a framework for its adult use industry. More than 15 years after establishing its medical marijuana program and, following years of on-and-off momentum, the Rhode Island...
THE TREES CAN STAY (FOR NOW) – A LESSON ON WRIT OF MANDAMUS
In a recently published opinion, the Rhode Island Supreme Court addressed when it is and is not appropriate for the court to grant the issuance of a writ of mandamus. A writ of mandamus is used to compel the performance of an act by a public officer. In the case...
DIRECTED TRUSTS PROVIDE FLEXIBILITY FOR THE CLOSELY-HELD BUSINESS OWNER
In July 2021, Florida adopted the new Florida Uniform Directed Trust Act (“FUDTA”). Modern directed trusts are one of the best vehicles to provide intergenerational wealth preservation and flexibility. Historically, all the functions of a trustee have been handled by...
NUTS & BOLTS OF A ROLL-UP STRATEGY IN BUSINESS ACQUISITIONS
In a roll-up strategy, the buyer—usually a private equity fund—identifies a highly fragmented industry, which is a situation where multiple companies compete, and there is no single or small group of companies that dominates that specific industry. Subsequently, the...
THE SAFE BANKING ACT: WILL 2022 OPEN THE DOOR FOR CANNABIS BUSINESSES TO ACCESS COMMERCIAL BANKING?
Lawful cannabis businesses in the United States have historically and predominately relied on private funding to establish and prop up their operations until they can sustain themselves as revenue-driven enterprises. This is because cannabis remains illegal under...
