The recent news from Washington that the employer mandate of the Affordable Care Act will be postponed until after the 2014 midterm election prompted a widespread sigh of relief for businessesacross the nation and in Tulare County.
The Patient Protection and Affordable Care Act, or ACA, (aka ‘Obamacare’) is ushering in options for America’s 28 million small businesses. ACA is due to be implemented January 2014, but many employees are still unsure what this will mean for their businesses.
Companies should still plan accordingly, regardless of the delay that was announced in the implementation of the employer mandate in “Obamacare.” Some of the significant provisions of the Affordable Care Act may still be effective January 1, 2014, although the delay has caused some confusion in the business community because we do not know which parts of Obamacare are not delayed and many regulations have not been finalized.
The Obama administration’s decision not to penalize large firms for failing to provide health insurance to workers next year will not harm California’s implementation of the health care overhaul, officials said Tuesday.
The Obama administration announced Tuesday afternoon that the federal health law’s employer mandate, which requires large employers to provide health insurance to full-time workers or pay a fine, has been delayed for one year.
Over the past several months, the Administration has been engaging in a dialogue with businesses – many of which already provide health coverage for their workers – about the new employer and insurer reporting requirements under the Affordable Care Act (ACA). We have heard concerns about the complexity of the requirements and the need for more time to implement them effectively.
Aetna and UnitedHealth didn’t make a big effort to increase their share of that market because, like Cigna, the big national insurer where I used to work, they prefer to sell coverage to employers, not individuals. So those companies’ decisions didn’t come as a surprise to anyone who has followed the recent trends in health insurance.
Under H.R. 2577, introduced last week by Rep. Luke Messer, R-Ind., that requirement to either offer coverage or pay a financial penalty would only apply to employers with at least 100 full-time employees.
But imagine the day-to-day realities of going without health insurance. Living each day knowing that if you got hurt or fell victim to some disease through no fault of your own, you’d have no way of affording the cost of treatment.
As he tries to build his consulting business, David Ferreira is making sure he doesn’t get sick over the next six months. He’s counting down the days until he can sign up for insurance under the Affordable Care Act, or ACA.
The full benefits of the law will be most apparent and available to residents of California. This is because California, due to its active role in implementing the historic health reform law, is expected to be one of the model states for the rest of the nation. As a result, California will demonstrate the vast, potential benefits of the ACA.
Unless we bend the cost curve, the nation’s health care system will become increasingly unsustainable. The good news is that, even though costs and spending continue to increase, we have started to see a slowdown.
Lost in the political battles surrounding the Affordable Care Act is the original reason companies began to offer health-care insurance: It was seen as a way to attract and retain employees. It still is an important tool.
Critics of the Affordable Care Act, better known as Obamacare, which takes full effect in 2014, have argued that its employer mandate will create such a hardship for businesses that many of them will drop health coverage for their employees and pay a penalty rather than absorb the costs Obamacare entails. A new survey by the outplacement consultancy Challenger, Gray & Christmas suggests otherwise.