Well, the below email from our outsourced HR company pretty much says it all about Obamacare… Costs will be higher, regulations and reporting will be burdensome, and since the law is so fragmented and unruly, other provisions are delayed. The American people are being SCREWED slowly under this Administration fraught with scandals and regulatory destruction for small businesses. My only advice to those of you who vote out there, is to never let anyone have a second term in any office. They just get too much power and don't care about the people any more…
L (sad face) for America on Independence day. Let's bring our constitution back!
God Bless America!
Doug
From: Insperity [mailto:contact… @ insperity.com
Sent: Wednesday, July 03, 2013 1:35 PM
To: Doug Renner
Subject: Health Care Reform Play or Pay Delay - Insperity Responds
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Health Care Reform
Play or Pay Delay - Insperity Responds
As you may already know, yesterday the federal government delayed implementation of the Employer Shared Responsibility provisions (also known as "Play or Pay") of the Affordable Care Act.
The Play or Pay provisions that have been delayed until January 1, 2015 include:
- employer penalties for failure to provide qualifying health insurance (businesses with 50+ employees)
- employer and insurer reporting requirements
Yesterday's announcement cites the need for stronger infrastructure and more clearly defined reporting procedures as key reasons for the delay. Additional guidance is expected soon to clarify what actions employers must take in 2014. Once this guidance has been issued, Insperity will review and provide additional updates and analysis.
This announcement does nothing to delay the implementation of other major components of the health care law, such as: - extensive marketplace reforms- which will generally lead to higher costs, taxes and fees for employers and employees alike
- the individual mandate provision- expected to increase expenses by driving greater participation in employer health plans
- the launch of state exchanges- likely to increase reporting requirements and administrative burdens for employers
Health care reform will still have a dramatic impact on the health care landscape in 2014. This recent announcement only underscores the volatility and uncertainty that businesses will face with the implementation of health care reform.
Insperity remains committed to helping its clients manage the challenge of health care reform and the many new regulations issued in association with this legislation.
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