Obama Win Assures Survival of Health Care Reform
An immediate test for all parties will be to address the daunting economic and political challenges presented by the “fiscal cliff,” which calls for automatic steep tax increases and across-the-board spending cuts beginning Jan. 1, 2013, unless a compromise is reached. If the issues can’t be resolved in the upcoming lame duck session of Congress, they surely will dominate the legislative agenda in the early months of the president’s second term.
It’s clear that implementation of the Affordable Care Act will move forward. For employers, this means that, effective Jan. 1, 2014, they will have to either offer qualified health insurance to their full-time employees or pay penalties if even one employee receives government assistance to buy health coverage through a state health exchange. Fortunately, ASA and its coalition allies were successful in persuading the Obama administration to allow employers with “variable hour” employees to use a “look-back” period of up to 12 months to determine whether those employees have worked full-time for purposes of offering health coverage or paying penalties. The look-back is expected to substantially reduce staffing firms’ exposure to penalties for their temporary employees.
Attend an ASAPro Webinar Tuesday, Nov. 27, to learn about the latest developments on the Affordable Care Act—see below for more details.