Though the Affordable Care Act was passed over five years ago, the challenges to the massive health reform law continue. Media outlets today, for instance, are reporting on the compromise GOP budget that could lead to a speedy repeal of the ACA. Of course, the President is certain to veto any bill that would undo his signature health care law, but opponents keep trying.
There are a couple other potential changes on the horizon. The King v. Burwell case is currently being considered by the Supreme Court, and we should have a ruling on the legality of the subsidies in states using the Federally Facilitated Marketplace by the end of June. And the Senate Finance Committee is currently reviewing the Save American Workers Act, which passed the House back on January 8th. This bill would change the definition of full-time worker from someone who averages 30+ hours per week to someone who works at least 40 hours per week.
In an article published last week on the BenefitsPro.com website, Eric Johnson reviews the four scenarios that could arise from these two big decisions:
HPA’s Business Development Manager, Doug Foshee, is quoted in the article, and makes it clear that a private exchange can help brokers regardless of what happens, but it will be essential if the decisions result in a big shift from employer-sponsored to individual coverage.
Read the full article here: The market’s about to change… maybe