Compliance

The U.S. Treasury Department and Internal Revenue Service have requested comment from the public on issues relating to 4980H, the "play or pay" or “shared responsibility" provisions in the Patient Protection and Affordable Care Act.

After a rash of suicides by workers last year, Apple product factory Foxconn in Chengdu, China has allegedly begun requiring workers to sign pledges promising not to commit suicide.

The Alabama Legislature moved a step closer Thursday night to passing an Arizona-style law that would crack down on illegal immigrants and on employers who hire them.

CVS Caremark Corp. is disclosing another government inquiry into its business, as the company said the Securities and Exchange Commission has requested documents related to its Caremark pharmacy benefits management unit.

WellCare Health Plans Inc. said Friday its first-quarter earnings more than tripled as the government health insurance provider saw a big membership gain in Medicare prescription drug plans compared to last year, when enrollment fell mainly due to marketing sanctions from the federal government.

What would we ever do without California? I can’t think of another state more inept at balancing its budget. Hell, they make the feds look like penny pinchers.

We already have a pretty good idea about how brokers and agents are feeling about the medical loss ratio provision of PPACA. In two words: not happy. But what’s the flip side; the impact of MLR on human resources or benefits managers?

The Internal Revenue Service and Treasury Department want to know how they can effectively work with employers on a provision under the Affordable Care Act that requires employers with 50 or more full-time employees to make a “shared responsibility payment” if they don’t offer affordable health coverage.