Wednesday, October 14, 2015

Affordable Care Act Revision Approved in U.S. Congress

Dana Halvorson

According to an October 1, 2015, New York Times article, by Robert Pear, Congress recently passed legislation intended to protect small and mid size businesses from increases in health insurance premiums. The President is expected to sign it into law. The legislation (H.R. 1624, the Protecting Affordable Coverage for Employees Act), eliminates a provision of the law that would have imposed new requirements on businesses with 51 to 100 employees. 

The article states, “At issue is a provision of the health care law that expands the definition of a ‘small employer’ to include companies with 51 to 100 employees, subjecting them to stringent insurance regulation starting Jan. 1. States have historically defined small employers as those with 50 or fewer employees. The bill preserves the traditional definition of ‘small group,’ but allows states to expand it to include organizations with 51 to 100 employees if they want to do so.” A summary of the legislation can be found here.

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