Last week, the Obama administration announced that it will provide an additional year before the Patient Protection and Affordable Care Act (PPACA) mandatory employer and insurer reporting requirements begin. The delay is designed to meet two goals. First, it will allow the federal government to consider ways to simplify the new reporting requirements. Second, it will provide time to adapt health coverage and reporting systems.
What this means is that employers will not be required to create or implement a healthcare plan until January 2015. This does not affect employees’ access to the premium tax credits available under the ACA (nor any other provision of the ACA). ASBA welcomes the announcement. This will provide more time for businesses to grapple with the complex requirements of the PPACA, and to have a reasonable period of time to consider their health care alternatives.I know most of us have an opinion on the Affordable Care Act and its potential for having a profound effect on healthcare delivery as we know it. Whether that effect will be good or bad is yet to be seen. I know that a lot of us were banking on the Supreme Court reversing the decision. That didn’t happen and now we are left to deal with whatever the consequences will be.
We here at the Arizona Small Business Association (ASBA) began to look at healthcare options for our members and a surprising opportunity presented itself that I believe will be a benefit for small business owners. Because there are many details still to work out, we can’t say much about it other than ASBA will be offering a viable health insurance option to our members and their employees that we think will be more than competitive. Stay tuned.
What are your thoughts on what transpired with the Affordable Care Act?
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