Under the category of "things are rarely simple," especially as it pertains to health care issues, Kaiser Health News reported vast differences between how businesses and the Patient Protection and Affordable Care Act of 2010 are working together. According to media sources examined by the KHN, businesses look at the PPACA as either a glass half empty or half full.
For example, Reuters noted data issued from the U.S. Department of Health and Human Services demonstrated that the business community is one of the largest beneficiaries of one of the provisions of the health care overhaul. The provision in question offers billions to employers that maintain medical coverage for their early retirees.
On the "glass half-empty" side, however, Fiscal Times pointed out large firms with low-wage workers are liable to get the hardest because low-cost employee health insurance policies don't comply with the PPACA provisions that will kick in by 2014. Fiscal Times explained that such companies will have two unpalatable choices: Either offer an unlimited insurance minimum or reduce the work force.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.