News Headlines Article

Obama signs repeal of 1099 provision
Modern Healthcare

President Barack Obama on Thursday signed into law a bill that repeals the contentious 1099 requirement outlined in last year’s Patient Protection and Affordable Care Act. Earlier this month, the Senate passed the House version of the bill to overturn the health reform law’s provision that would have required businesses starting in 2012 to report information to the Internal Revenue Service on payments of goods totaling $600 or more.