The Affordable Care Act (ACA) requires health insurance issuers and sponsors of self-insured health plans to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). If you have a fully-insured group health plan, you carrier will handle the PCORI fee payment.
The crisis that was (is) the uninsured was a primary justification for the passage of the ACA. "We have 40 million people without health insurance! We have to do something." And something they did. A massive expansion of the public into the private sector. The cancellation of more than 4 million existing health insurance policies. Double-digit increases in premiums costs, etc.
Hobby Lobby will stand before the Supreme Court today to plead its case on why it should not be forced to offer abortion pills in the health insurance plan it provides for its employees. You may recall that the Obama Administration has tried to "accommodate" religious institutions, but its "accommodation" is illusory at best. That is another lawsuit. In Hobby Lobby's case, no accommodation or reprieve has been offered.
As we near the end of the first open enrollment period for the state and federal exchanges, we are getting some data about just who is signing up and/or enrolling for health insurance coverage. First, there is a difference between "sign ups" and "enrollments." Sign ups have not yet paid. Enrollments have paid.
In my inbox this morning was an advertisement from Organizing for Action with this sticker. This is a play on the Yellow Gadsen Flag that dates from the revolutionary war and has become a favorite at Tea Party rallies and on the bumpers of those less appreciative of government overreach. The coiled rattlesnake has been replaced by a coiled stethescope. The message has been altered from "Don't Tread On Me" to "Don't Tread On My Obamacare." Clever to be sure.
We were greeted with the "surprise" news that the employer mandate has been delayed FOR SOME EMPLOYERS once again. I place the word "surprise" in quotes not because we knew it was coming, but because at this point being "surprised" by the sudden changes in Obamacare is like Vizzini repeatedly declaring "INCONCEIVABLE!" in The Princess Bride.
This just in - another Obamacare mandate delayed!
The Obama administration announced today that employers with between 50 and 99 full-time workers will not have to comply with the Affordable Care Act's requirement for health insurance until 2016. In addition, those companies with 100 workers or more can avoid penalties if they offer coverage to at least 70% of their full-time employees. Originally, employers with 50 full-time workers or more had to offer coverage or pay a penalty of $2,000 per employee starting in 2014.
Stand by for more details and analysis here on the Adams Insurance Service blog.
Amid Target's wave of bad press over the theft of millions of customers credit card and debit card data, Target has also announced that it is canceling its part-time employee's eligibility for health benefits. Target's move is not a first. Home Depot and Trader Joe's have made similar moves. The change will be effective April 1: