American Health Care Act Pulled Prior to Vote
Leadership in the U.S. House of Representatives ended debate on the GOP “repeal and replace” legislation on March 24 and pulled the legislation from the floor, after determining that the legislation, known as the “American Health Care Act,” was likely to be defeated. The failure to move the legislation means that the Patient Protection and Affordable Care Act, now in its eighth year, will remain in effect for the foreseeable future.
Employers will now have to determine the impact of ACA provisions that might adversely affect employer group health plans. Two such provisions are the 40% “Cadillac tax” on high-cost employer group health care plans, which is scheduled to go into effect in 2020, and the employer mandate provisions on offering affordable minimum value health care coverage to full-time employees.
Oasis will continue to closely monitor developments and update its clients as needed. Interested in learning more about how Oasis Outsourcing can help your company navigate Healthcare Reform? Click here to contact us today.
*Source: Aon Hewitt