Lawyers and Consultants Heart ObamaCare

The public may not favor ObamaCare, but at least America's armies of lawyers and business consultants love the law and all its complex new regulations:

From Washington to California, the year-old health law, with its layers of complexity, is setting off a gold rush for high-priced lawyers and consultants. It's "a full employment act for health-care consultants," said Ian Morrison, a founding partner of Strategic Health Perspectives in Menlo Park, Calif.

Much of the activity — and the prospect of glitteringly high fees — is swirling around a widely discussed provision that encourages doctors, hospitals and insurers to team up in treating patients. Initially, these "accountable care organizations," as envisioned in the law, will treat only Medicare patients, and will get bonuses for providing better care at lower cost. But if they work, ACOs will likely spread to private patients as well.

The ACO issue "has all the pieces that drive consulting," said Morrison. "There are legal, information technology and cultural changes needed to make it work, so lawyers are happy as hell, IT people are happy as hell and so are the management consultants."

And let's not forget lobbyists; they've done pretty well off the law too!

My take on ObamaCare's accountable care organizations here.