On November 14, 2013, President Obama announced a plan that would enable certain Americans with health coverage to keep their existing coverage for an additional year even if their existing coverage fails to meet the minimum standards established under the Affordable Care Act (“ACA”).
On July 30, 2013, the Congressional Budget Office (“CBO”) and the Joint Committee on Taxation (“JCT”) raised their estimate of the 10-year net cost of the health insurance coverage provisions under the Affordable Care Act (“ACA”) by $12 billion to $1,375 billion. At the request of Congressman Paul Ryan, Chairman of […]
Administration Delays Implementation Of Employer Shared Responsibility Obligations Under Health Reform
The Obama Administration, through the U.S. Department of Treasury, recently announced that it was delaying implementation of key provisions of the Affordable Care Act (“ACA”) for a year. Originally scheduled to go in effect on January 1, 1014, the shared responsibility provisions of the ACA would subject employers with 50 or […]