After years of delays and challenges, the Affordable Care Act (ACA) is in its second year of reporting for most businesses and organizations. Now under the Trump administration, Republicans have plans to either replace or modify the ACA. Depending on implementation dates and transition rules, attempts to either fully repeal or revise the ACA will likely lead to further reporting confusion and uncertainty as the country absorbs yet more changes to their healthcare.
The details to the redesign process of the health insurance system is likely to be very fluid and changing often as Congress works through different details and considers potential unintended consequences of revisions to the ACA.
As with our past ACA insight, Baker Tilly tax and employee benefits specialists will continue to keep you informed on significant healthcare reform proposals and enacted legislation.
Baker Tilly compares Senator Rand Paul’s Obamacare Replacement Act and The Patient Freedom Act sponsored by Senators Bill Cassidy and Susan Collins.
An examination of The American Health Care Reform Act of 2017 proposed by the Republican Study Committee.
The AMA is urging Congress to hold off on repealing the Affordable Care Act until lawmakers have a replacement plan, arguing that the public should be able to compare any replacement model to Obamacare’s current provisions.
Certain employers were given a bit of a reprieve with a recently issued Notice that extends the due dates for information reporting under the Affordable Care Act.
Applicable large employers encountered some major challenges this year to stay in compliance with Affordable Care Act requirements.
Baker Tilly benefits and tax specialists discuss the reporting requirements needed to properly comply with Affordable Care Act rules for applicable large employers.
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