For employers, final regulatory guidance has yet to come in a number of areas, including whether employers will be assessed a penalty of $2,000 per full-time employee if they do not offer coverage to all full-time employees, and how much they will have to pay to fund a three-year health care reform law program that will partially reimburse health insurers writing policies for individuals with high health care costs.Read More
Under Romney's plan, 30 percent or more of the under-65 population in nine states—Arkansas, California, Florida, Louisiana, Mississippi, Nevada, New Mexico, South Carolina and Texas—would be left uninsured by 2022, which the report says would increase the number of uninsured in every state.Read More
South Dakota joins several other states, including Texas, whose governors said they will not set up the exchanges.Read More
Fortunately, most payroll and human resource information system vendors either already have a robust time and attendance system or are building one to meet the new employer record-keeping requirements mandated by the Patient Protection and Affordable Care Act.Read More
Under the notice, which will remain in effect at least through 2014, employers can use a retrospective measurement period lasting between three and 12 months to determine whether an employee's hours meet the definition of “full time” under the Patient Protection and Affordable Care Act.Read More
The amended lawsuit argues that the IRS' regulation directly contradicts the Patient Protection and Affordable Care Act's original language regarding the exchanges and—more specifically—the premium subsidies, which carry significant financial penalties for certain employers that do not provide adequate and affordable employee health benefits as defined by the law.
Mitt Romney says that while he would seek to repeal the health care reform law if he were elected, he could keep the provision that bans health care plans from denying coverage of pre-existing medical conditions and perhaps even expand a provision that requires health care plans to provide coverage of employees' adult children up to age 26.Read More
President Barack Obama accepted his party's nomination for another term by framing the election as a choice over whether voters value his signature healthcare law, among other policies.Read More
With the presidency and 33 Senate seats up for grabs in 2012, how the battle over health care reform will play out is anyone's guess, but employers are watching the tussle closer than most.
Clinton directly answered many of Republicans' leading criticisms of the law, including the projection that the Patient Protection and Affordable Care Act will cut $716 billion from Medicare.Read More