The Internal Revenue Service (IRS), an arm of the U.S. Treasury Department, has started the official process of implementing the process of collecting the health plan fees that are supposed to fund a new Patient-Centered Outcomes Research Trust Fund.
The IRS is preparing to publish a notice of proposed rulemaking for the Patient-Centered Outcomes Research Institute (PCORI) funding mechanism Tuesday in the Federal Register.
The IRS collected interested parties' views on the PCORI trust fund fee in June 2011, when it issued IRS Notice 2011-35. In the notice, IRS officials asked how the PCORI fees should be calculated and paid, and what rules and safe harbor provisions might be needed.
IRS officials say in the preamble to the proposed regulations that they have used the comments to shape their approach to handling the PCORI fee.