A Glimpse into the Fate of the ACA for Employers
In all the talk about President Donald Trump’s plans to change the Affordable Care Act, employers may be feeling uncertain on how this ever-evolving legislation impacts their current ACA compliance strategy. Many experts believe that changes to the provisions of the ACA could take several years, meaning employers aren’t off the hook and can’t ignore the Employer Mandate. So it is business as usual and the ACA reporting obligations and penalties remain in effect for the time being.
Although the ultimate fate of the legislation still remains an open question, the recently published articles listed below offer a glimpse into what employers may expect from one of Trump’s greatest campaign promises.
False starts and uncertainty
“Republican leaders who once saw a health law repeal as a quick first strike in the Trump era now must at least consider a worst case: unable to move forward with comprehensive health legislation, even as the uncertainty that they helped foster rattles consumers and insurers.”
NYTIMES.COM | BY ROBERT PEAR AND REED ABELSON
Feb. 2, 2017
Read full article here: G.O.P. Campaign to Repeal Obamacare Stalls on the Details
The reality of repealing the ACA has set in
“While the president’s comments on a replacement plan were vague, he acknowledged that this extended timeline comes from the reality that a change to legislation of this size will ‘statutorily take a while to get.’”
BENEFITSPRO.COM | BY JESSICA LEDONNE
Feb. 7, 2017
Read full article here: ACA changed delayed again
ACA replacement may be stretched out further than many thought
“’Maybe it’ll take till some time into next year, but we are certainly going to be in the process,’” Trump said in the interview. ‘I would like to say by the end of the year, at least the rudiments, but we should have something within the year and the following year.’”
BENEFITNEWS.COM | BY ZACHARY TRACER
Feb. 6, 2017
Read full article here: Trump says ACA replacement could take until next year
ACA change ideas bring significant risks
“The academy’s Individual and Small Group Markets Committee prepared the new ACA report to help readers, including insurance agents and brokers, understand what possible alternatives to the current ACA rules might do to the commercial health insurance market.”
LIFEPROHEALTH.COM | BY ALLISON BELL
Jan. 25, 2017
Read full article here: Math geniuses size up 5 ACA change ideas
To learn more about how Equifax can help you or your clients maintain compliance through uncertain times contact us at ACAcompliance@equifax.com or 800-846-9200.