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Labaton Sucharow's Michael W. Stocker and Philip C. Smith write: A drastic new change to long-established rulemaking practices may signal that our increasingly partisan political process is now exerting a powerful influence on proposed rules relating to the financial markets. The consequences of this shift may affect investors and the broader markets for years to come.
Edwards Wildman Palmer's Leslie J. Levinson, Eric Fader and George Greenslade discuss several initiatives that New York state and the federal government are implementing that they believe will increase efficiency, lower costs, and better coordinate the delivery of care to patients. Whether these initiatives will produce the expected results or create unintended by-products remains to be seen.
Ellen V. Weissman and Bethany J. Trachtenberg of Hodgson Russ discuss some of the reforms proposed by New York's Medicaid Redesign Team, including the establishment of health homes for Medicaid enrollees with certain chronic conditions, amendments to ACO legislation, and more.
Stephen Bier, Robert Ledig and Gordon Miller of Dechert write that the Financial Stability Oversight Council spent 2010 and 2011 largely engaged in the process of establishing policies and procedures for various aspects of its operations. During 2012, the Council began to take a more active role in performing its assigned duties under the Dodd-Frank Act. It formally began the process to designate certain nonbank financial companies for supervision by the Board of Governors of the Federal Reserve Board, completed the designation process for an initial group of systemically important financial market utilities and commenced the process of considering making recommendations for the reform of the regulatory structure for money market funds.