Today is the day that we have all been waiting for, at least in the context of liability settlements. Some have been furiously scrambling to settle cases by Sept 31st under the mistaken impression that their duty to address the MSP was less yesterday than it is today. Others are content with the notion that the whole purpose of Mandatory reporting under the MSP is only to collect conditional payments made prior to settlement. Still others are making preparation for when reporting goes live on Jan 1 and are diligently making adjustments to their settlement processes. And still others are painfully behind the times. Did an insurer really just call me today and ask “what is an RRE”?
Regardless of which camp you or your clients subscribe to, the undisputable fact is that CMS is now part of every settlement involving a Medicare beneficiary. They see all, hear all and know all….What do you think they plan on doing with all this information?