Just one day after the Los Angeles Times published an article titled “Part-timers to lose pay amid health act’s new math,” one of its factoids became a frequently-mentioned talking point for Republicans. Indeed, the Republican National Committee “War Room” e-mailed the article to subscribers on its listserve the morning it was published.
Over the next month, Californians will begin to get a clearer picture of the historic changes the Affordable Care Act will make in the state’s insurance market for individual plans as it expands coverage to millions of the state’s uninsured residents.
Alice Marie Francis believes it’s important to have health insurance, but finding a plan that fit her budget was no easy task. “Money is tight,” says the 50-year-old Burbank mother of two, whose children are insured by their father’s work-based policy.
The Affordable Care Act (also known colloquially as Obamacare) is rolling out in the next months in time for the law to take full effect Jan. 1. This week, The Chronicle Insight section features commentary about California’s new health exchange, Covered California, which is the marketplace where Californians not covered by other plans can buy health insurance. Some Californians will be eligible for government subsidies to help pay for their insurance; some will not.
The California Chamber of Commerce weighed in early this week with a video starring local small business owners posing questions to Covered California chief Peter Lee on what to expect when the new health benefits exchange starts sign-ups this fall.
Turns out it’s not just corporations that know how to skirt Obamacare. The city of Long Beach, Calif., is limiting the hours of its part-time workforce in order to avoid new costs under health care reform, the Los Angeles Times reports. The move echoes widely-publicized attempts by multiple U.S. companies to rely more heavily on part-time workers as a result of the law, which requires certain employers cover the health insurance costs of anyone working more than 30 hours per week.
Some small business owners are worried about the new health care law, dubbed “Obamacare.” Among those fearing what it will mean to their bottom line is one businessman who once supported health care reform.
Small businesses are key to the economic health of San Francisco, California and our nation. Their entrepreneurship fuels the innovation economy. Their agility spurs creativity across industries. And their uniqueness truly shapes the character of our communities.
Many part-timers are facing a double whammy from President Obama’s Affordable Care Act. The law requires large employers offering health insurance to include part-time employees working 30 hours a week or more. But rather than provide healthcare to more workers, a growing number of employers are cutting back employee hours instead.
Employer-sponsored healthcare plans cannot include most “wellness programs” as part of minimum coverage requirements, dealing a setback to many businesses, according to new federal rules for U.S. President Barack Obama’s healthcare overhaul starting next year.
In just nine months, the bulk of the federal Affordable Care Act will go into effect. Many of its provisions will have a real impact on the majority of small-business owners. Still, less than 1 percent of America’s small businesses are currently in a position to face penalties under the law. Here’s what you need to know.
The California Association of Health Plans — the trade group for the HMO industry — is weighing in with its own version of how the Affordable Care Act will affect consumers and change the state’s insurance market.
There’s a lot of concern about how much it will cost to buy health insurance on the new exchanges coming online later this year. Some states are predicting double digit increases in premiums. But beginning next year, if you don’t have coverage, you’ll pay a penalty. The individual penalty under the Affordable Care Act is $95 or one percent of your income, whichever is greater. So if you earn $40,000, you’d pay $400. That’s a fraction of what insurance will cost for most people.
The Silicon Valley Leadership Group, representing more than 375 of Silicon Valley’s most respected employers, has long focused its priorities on influencing policies and programs that improve health outcomes and reduce overall health care costs for employers and employees in Silicon Valley.