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.
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The Fiscal Times article went on to report that the Department of Health and Human Services has, so far in 2011, granted 1,040 waivers to companies, insurers and unions that want to continue offering enrollees limited health-benefit or mini-med plans.
For more information about these two separate articles, access www.kaiserhealthnews.org/Daily-Reports/2011/March/28/business-and-health-reform.aspx.
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