What Does the Future of Health Care Reform Look Like?
March marks the five-year anniversary of the enactment of the Patient Protection and Affordable Care Act. It’s hard to believe it has already been five years. And while there have been many issues worked out in the world of health care reform during that five-year time span, there is still the potential for quite a few more reforms on the horizon.
The following are some of the issues we can expect to be in the spotlight in the coming months and years:
- Information reporting: the requirement of certain information to be reported for sponsors of insurers, sponsors of plans that are self-insured and a variety of other entities that provide what is considered to be minimum essential coverage. This issue is going to be a big focus in the first quarter of 2016.
- Taxes on “Cadillac” plans: imposing excises taxes on employer-provided coverages that are of a very high cost. This tax goes into effect in 2018, and could lead to some very large tax penalties.
- Nondiscrimination: insured group health plans will be prohibited from discriminating in favor of people who make a significant amount of money. The impact this will have on the way the healthcare industry is run could be tremendous. Expect this issue to take center stage very soon.
- Large plan automatic enrollment: mandating that employers that have more than 200 full-time employees must enroll all new full-time employees in the company under one of its health benefits plans. Eventually, expect this rule to have a big impact on the amount of large employers that will administer enrollment in health care plans.
There are certain to be many different issues that command the attention of the health care industry in the next several years. To stay up to date and to make sure you’re in compliance, consult the skilled New York health care law attorneys at Buttaci Leardi & Werner, LLC.
- Posted on: Mar 17 2015