OBRA87

(redirected from Omnibus Budget Reconciliation Act of 1987)
AcronymDefinition
OBRA87Omnibus Budget Reconciliation Act of 1987
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A $6 billion decline in corporate profits tax accruals was the net result of a $7 billion decline due to TRA, a $3-1/2 billion decline due to declining profits, and a $5 billion increase due to the Omnibus Budget Reconciliation Act of 1987.
Perhaps the most notable vehicle for nursing home reform in the 20th century, the Omnibus Budget Reconciliation Act of 1987 carried within it nursing home reform legislation of unprecedented scope.
Section 4005(e) of the Omnibus Budget Reconciliation Act of 1987 states, in part:
On the other hand, plans must be amended by the last day of the first plan year, beginning after 1993 to conform to the Tax Reform Act of 1986, Omnibus Budget Reconciliation Act of 1986, Omnibus Budget Reconciliation Act of 1987, Technical and Miscellaneous Revenue Act of 1988, and Omnibus Budget Reconciliation Act of 1989; see Notice 92-36.
This tax treatment "abuse" of pension plans was curtailed by funding limitations contained in the Omnibus Budget Reconciliation Act of 1987 (OBRA).
First, the Omnibus Budget Reconciliation Act of 1987 drastically reduced the full-funding limitation, or the maximum tax-deductible contribution businesses can make to pension plans.
The budget, submitted to Congress in mid-February, embodies the Omnibus Budget Reconciliation Act of 1987 and the Continuing Resolution for 1988.
In 1987 fall-prevention systems were born, spurred by the Omnibus Budget Reconciliation Act of 1987 (OBRA-87), which severely limited the use of restraints by nursing homes.
The motivation for Fennelly's development of the first electronic resident monitoring system was to accommodate the wanderers in his own long-term care facility, even before the Omnibus Budget Reconciliation Act of 1987 mandated against using chemical or physical restraints.
CNAs must meet training and competency evaluation requirements implemented under the Omnibus Budget Reconciliation Act of 1987 (OBRA).
The promulgation of the final rule had been awaited since PASARR requirements were first imposed on nursing facilities by the Omnibus Budget Reconciliation Act of 1987 and revised by Omnibus Budget Reconciliation Act of 1990.
NUMEROUS CHANGES IN NURSING HOME STANDARDS, INCLUDING a revised survey process and implementation of a standardized resident assessment instrument (RAI), were spawned by the Omnibus Budget Reconciliation Act of 1987 (OBRA).