Update on The Patient Protection and Affordable Health Care Act of 2011

July 30, 2012

The Patient Protection and Affordable Health Care Act of 2010, as amended by the Health Care and Education Reconciliation Act of 2010 (collectively referred to as “PPACA”) was recently reviewed by the United States Supreme Court and, for the most part, upheld by a vote of 5-4. In its opinion, the Supreme Court found that PPACA’s individual mandate was a legal tax within Congress’ constitutional taxing authority, but that the penalty associated with the mandatory expansion of Medicaid was unconstitutional. With the recent ruling, focus is now shifting to how PPACA will be implemented and carried out over the years to come, as the provisions of PPACA are to be gradually phased in until 2019. Below please find a brief summary of the Supreme Court’s recent decision, as well as what we believe to be the most important provisions of PPACA with the greatest impact to our clients, including employers, group health plans, providers, insurers, and taxpayers.

To read the full summary, please see attachment below

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  • “For the past four years, my Atlantic Capital Bank deal team has engaged the legal services of Lindsey Arnold to close several large and complex bank loan transactions.  To name a few, these deals include a $10million line of credit to a linen service company, a $15million Term Loan to a prominent, market leading textile manufacturer (and a subsequent recapitalization of this loan arrangement), a $12million Term Loan facility for a major grocery store chain, a $12million Construction to Mini Perm Facility and a separate $10million for a large national beverage distribution family of businesses.  Not only was Lindsey’s service of the utmost professionalism and very quick responsiveness, but also she treated the bank’s client’s with a very high level of courteousness and integrity.  Our clients are the lifeblood of our business and it is important that our legal partners handle our relationships get off to a good start.  In addition, rarely do loans sit on a shelf…there are always changes along the way and Lindsey has been very quick to respond to our needs (driven by our clients’ needs) in terms of amendments and deal restructurings.  In addition to solid deal execution…Lindsey is a terrific resource when it comes to early stage legal guidance as we as bankers think through competitive and creative deal structures.  Lindsey has been great and we hope to steer more deals in her direction as we grow the institution.”

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    -Chambers 2012

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