A final rule from the Centers for Medicare and Medicaid Services continues the process of reducing regulatory burdens across government agencies, stemming from a Presidential Executive Order issued in 2011.
President Obama ordered agencies to implement an ongoing retrospective review of regulations to identify those that are obsolete, unnecessary, burdensome or counterproductive. A range of such regulations from CMS were eliminated in 2012 and the new rule adds more, including elimination of certain data reporting requirements. According to CMS, the new rule will save providers $3.2 billion over five years, and $8 billion including savings from the 2011 rule.
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