As you may have heard, on Friday January 20, 2017, President Trump signed an executive order which was essentially a broad policy statement on his intent to repeal the Affordable Care Act (ACA). While the order directs agencies with authority over the law to grant waivers, exemptions, and implement delays to relieve states and individuals impacted by the law, the order did not address businesses, so there seems to be no immediate impact on employers’ current obligations under the law.
With a change in parties and philosophies in the White House as well as shifts in the legislative branches, employers and HR professionals are rightfully wondering what the impact will be on their employment practices, current legislation and bottom line in 2017 and beyond. The steady preparations that many businesses had been advancing in anticipation of new requirement roll-outs and expected actions now have them asking themselves “how much are things going to change” and “what do we focus on now?”
Avoiding Confusion, Maintaining Compliance: The Affordable Care Act (ACA) and Community Rating System
If the wave of recent health care reform rules, requirements and criteria has created anxiety for you or your business, know at least that you're not alone. Since the passing of the Affordable Care Act (ACA) to extend coverage to more Americans, confusion has persisted for many employers as to how it affects their business and what they must do to ensure compliance.
Contributing to the confusion is an array of ACA updates that have continued to roll out over the last several years. Staying abreast of all these respective changes, as well as understanding how requirements differ for each company based on size, location and other variables, can be quite challenging.