health care reform
Back in 2010, we reported on a study finding that 1/5 of small business employers were considering dropping their plans with the onset of Obamacare.
The ACA gives employers more flexibility in creating incentives for employees to participate in wellness programs. This article in Business Insurance illustrates the efforts of several large employers to do exactly that:
SHOP stands for "Small Business Health Options Program." It is intended to be part of the health exchanges opening next year at an internet URL near you (either your state or the federally-facilitated exchange ("FFE")). The SHOP is meant for employers with less than 100 employees, though states will be able to restrict that number to less than 50 until 2017.
It's only 21 pages! Simple no? This is only the beginning. Check out the portion of the application that the employer has to complete.
OOOOOOOOOOOKLAHOMA! Sorry, I bet the good folks North of the Red River get that way too much. If you are hanging in Lawton, OK tomorrow or happen to be near one the twelve satelite locations receiving the data feed from Lawton, don't miss my hour long talk on what the Affordable Care Act has in store for employers! You can RSVP here.
In January, we questioned whether the ACA would force insurance carriers to eliminate their "participation rate" requirements. These are rules that carriers have put in place to guard against adverse selection (i.e., what happens when only the sick people sign up for the health insurance).
The Affordable Care Act (ACA) requires employers to provide all new hires and current employees with a written notice about ACA's health insurance exchanges (Exchanges), effective March 1, 2013. On Jan. 24, 2013, the Department of Labor (DOL) announced that employers will not be held to the March 1, 2013 deadline.
The Affordable Care Act (aka "PPACA" aka "Obamacare) is a massive piece of legislation. The law of unintended consequences preceeds it and guarantees that there will be unforseen goods and bads (mostly bads in my opinion) coming from this legislation for years to come.
In the interest of inaugural amity, here is a potential good.