Thought Leaders in Health Law® for Five Decades and Counting
When Epstein Becker Green was founded 50 years ago, the U.S. health care and life sciences industries were just beginning to tackle solutions to this core issue: How can the U.S. manage health care spending while providing access to high-quality health care products and services?
Thought Leaders in Health Law® for Five Decades and Counting
When Epstein Becker Green was founded 50 years ago, the U.S. health care and life sciences industries were just beginning to tackle solutions to the core issue: How can the U.S. manage health care spending while providing access to high-quality health care products and services?
The Beginning
The Medicare and Medicaid programs were signed into law in 1965, less than 10 years before Epstein Becker Green opened its doors. The Medicare and Medicaid Act fundamentally changed the relationship between the public and private sectors, and connected Americans, especially the elderly and indigent populations, to health care services in an entirely new way.
Such legislation set the stage for Epstein Becker Green's role in advising stakeholders and key players within the health care and life sciences space. Throughout our history, our attorneys have stood shoulder to shoulder with our clients as each new wave of legislation has shifted compliance requirements, the delivery of care, product development, technological innovation, and business operations strategy.
The 1970s
If the sixties identified the core issue in the U.S. health care system, the seventies saw the government taking an active role to address it and further expand access for all Americans. The public-private system became more intertwined, and a new hybrid model emerged: a blend of government funding and private-sector cost control and management. In 1973, Epstein Becker Green planted its roots, and the firm was quick to assume a critical role in the health care sphere.
The 1980s
Government intervention expanded in the health care industry in the eighties while the country's health spending rapidly increased. Suddenly, as health care delivery increased and interest grew, the nation was confronted with dramatically rising costs.
The 1990s
The nineties largely followed the economic trends of the seventies and eighties, with exponentially increasing health care costs becoming the nation's foremost issue. However, the decade also marked a significant investment in the life sciences industry for both the country and the firm—an investment that we are still focused on today.
The 2000s
The turn of the millennia begged the question: Is the employer-based health care insurance system one that can sustain itself? As health care costs steadily rose and self-funded plans were exposed to shifts in federal funding, the conversation around value-based purchasing gained traction.
2010 to Now
As the Medicare and Medicaid Act of the sixties had done so before, the passing of the Patient Protection and Affordable Care Act in 2010 marked a fundamental shift in Americans' access to affordable health care. In response to rising health care costs and concerns about accessibility to vulnerable populations, the government took yet another step toward addressing the core issues of the U.S. health care system. Today, we still confront these questions, as new and unforeseen circumstances challenge the system.