Lowering the Reporting Burden of Reform
The U.S. Senate has adopted an amendment to repeal an IRS Form 1099 reporting provision mandated under the health care reform law.
The U.S. Senate has adopted an amendment to repeal an IRS Form 1099 reporting provision mandated under the health care reform law.
The amendment, from Sen. Debbie Stabenow (D-Mich.), was attached to S. 223, a bill to reauthorize the Federal Aviation Administration.
The reform provision requires businesses, including physician offices, to file a 1099 form if the amount of payments made to another business for goods or services is $600 or more in a year. The American Medical Association supported Senate approval of the Stabenow amendment.
The provision, according to AMA in a statement, was unnecessary and burdensome. "It is estimated that paperwork already takes up as much as a third of a physician's workday--time that could be better spent with patients--and this provision would only increase that burden," says AMA President Cecil Wilson, M.D.
The bill remains under debate on the Senate floor.
--Joseph Goedert
The amendment, from Sen. Debbie Stabenow (D-Mich.), was attached to S. 223, a bill to reauthorize the Federal Aviation Administration.
The reform provision requires businesses, including physician offices, to file a 1099 form if the amount of payments made to another business for goods or services is $600 or more in a year. The American Medical Association supported Senate approval of the Stabenow amendment.
The provision, according to AMA in a statement, was unnecessary and burdensome. "It is estimated that paperwork already takes up as much as a third of a physician's workday--time that could be better spent with patients--and this provision would only increase that burden," says AMA President Cecil Wilson, M.D.
The bill remains under debate on the Senate floor.
--Joseph Goedert