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Many large employers have been up in arms about receiving Obamacare penalty notices over the past few months indicating they failed to offer qualifying health coverage in 2015. The penalties are amounting to thousands, if not millions, of dollars that may be due to reporting errors.
After several failed legislative attempts to repeal and replace the Affordable Care Act (ACA), President Donald Trump is now taking matters into his own hands. On October 12, Trump signed a new Executive Order (EO) designed to “expand choices and alternatives to Obamacare plans and increase competition to bring down costs for consumers,” according to […]
As yet another attempt to kill the Affordable Care Act (ACA) heats up in Washington, employers wondering how a new law might affect their benefit plans are advised to stay tuned. And with lawmakers facing a short timetable, at least some answers should be coming soon. Lawmakers wanting to repeal and replace the ACA—also known […]
On July 25, after much back-and-forth in the Senate and the dramatic return of Senator John McCain, who was recently diagnosed with brain cancer, the Senate agreed to open debate on legislation to repeal and replace the Affordable Care Act (ACA). With Republican Senators Susan Collins and Lisa Murkowski joining all Senate Democrats in voting […]
On July 13, the Senate released a revised version of its proposed Affordable Care Act (ACA) repeal-and-replace bill, known as the Better Care Reconciliation Act of 2017. The Senate has yet to vote on the original version. The revised version of the bill includes a “consumer freedom” amendment to the ACA that would allow consumers […]
The Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) have completed an estimate of the direct spending and revenue effects of the Senate’s Better Care Reconciliation Act of 2017. The CBO and the JCT estimate that enacting the legislation would reduce the cumulative federal deficit by $321 billion from […]
Now that the House has passed the American Health Care Act (AHCA)—a proposal to repeal and replace Obamacare—the ball is in the Senate’s court. And while Senate Republicans say they won’t adopt the House’s version wholesale, most of the provisions easing requirements on employers are likely to appear in the Senate’s bill as well. The […]
In a squeaker of a vote, a modified version of the American Health Care Act passed the House 217-213 on May 4. The vote was cleanly split along party lines, with no Democrats supporting the legislation and 20 Republicans voting against it. In March, the bill was pulled prior to a vote when it became […]
On March 24, Republican lawmakers pulled their proposal to undo parts of the Affordable Care Act (ACA) when it became clear they didn’t have the necessary votes to pass the bill in the House. The American Health Care Act would have, among other things, effectively voided the ACA’s employer mandate, which requires large employers to […]