Paul Gomez, Gary Herschman Quoted in “Special Report: Health-Care Transactions Update: October”Bloomberg BNA Health Law Reporter October 2016
Paul A. Gomez and Gary W. Herschman, Members of the Firm in the Health Care and Life Sciences practice, in the firm’s Los Angeles and Newark offices, respectively, were quoted in Bloomberg BNA Health Law Reporter, in “Special Report: Health-Care Transactions Update: October,” by Mary Anne Pazanowski.
Following is an excerpt (see below to download the article in PDF format):
Initiatives spurred by the Affordable Care Act, including value-based care and cost-effective payment models, aren’t going away, even if Obamacare is repealed in whole or in part, Gary W. Herschman, a member of Epstein, Becker & Green’s health-care practice in Newark, N.J., told Bloomberg BNA.
And, because those developments set in motion the industry-wide transactions trend—including consolidations like mergers and joint ventures—there isn’t any reason to believe it will stop either, he said….
Herschman’s partner, Paul A. Gomez, in Epstein Becker & Green’s Los Angeles office, said ‘‘it’s far more likely than not’’ the ACA will be repealed, at least in part. But there is a ‘‘consensus among’’ payers and providers ‘‘that traditional payment models, fee-for-service and spiraling costs are unsustainable,’’ Gomez said. That is, the old ways providers got paid are simply too expensive to continue.
There might be ‘‘some uncertainty’’ leading to a fourth-quarter slowdown in transactions activity, given Trump’s ‘‘unpredictability,’’ Herschman said. Any impact will be short-lived, though. Transactions likely will pick up after January 2017, he said.