At G&A Partners, we are committed to keeping you informed on the changing landscape of healthcare in America. In an unexpected move last week, the U.S. Treasury Department announced that a key provision of the Patient Protection and Affordable Care Act (PPACA) will be delayed by one year.
The delayed provision specifically addresses two particular points of PPACA. The first provides a delay in the mandatory employer and insurer reporting requirements. The second postpones the mandate requiring businesses with 50 or more workers to provide health insurance coverage to employees or face a fine. The administration will now enforce the mandate and reporting requirements in 2015, rather than January 1, 2014.
As has been the case with PPACA, there will be additional changes forthcoming, and we will keep you up to date as the Obama administration provides more information this week.
G&A Partners is working hard to understand the specifics surrounding the PPACA ruling, and will continue to provide updates via email and on our blog.