Looking for requirements of new Health Care Law. not opinion

There are so many opinion articles out there I have having trouble finding the rules that apply to small employers.

Folks are talking about how they will have to buy health insurance or have a penalty. But there is similar talk like the employers are going to have to do so, and some getting wavers etc.

Looking for link that shows what small businesses will be required to do, as it looks more and more likely. Since I assume LJ is right and that the new pres cannot over rule a law already passed by congress and likley approved by the courts by then.

If I am going to be forced to buy health insurance for employees vs. paying them high like I do now so that they can buy it, I need to know how much to lower their pay because now I may have to pay vs. them. I also need to know how complicated it will be to process, so that I can reduce their pay by the amount that I would like to be compensated for doing all the paperwork and taking on the liability of not doing it perfect and being fined or punished. I would rather make this transition earlier and slower vs. all at once, as I may even be restricted from doing so (lowering wages to cover new benefits), though unlikely.

Here's a fairly decent summary ... Most of the changes are on the insurance companies, not the business owner... I'll look for some more information...

http://en.wikipedia.org/wiki/Patient_Pr ... e_Care_Act

Also:

http://www.whitehouse.gov/healthreform/ ... e-overview

(also: "Myths and Facts" on the same website)


This may also be a good summary:

http://dpc.senate.gov/healthreformbill/healthbill05.pdf

Thanks, I often forget about wikipedia, but remember often too.

Lots to wade through, I did not know there was a new self employement tax on those making more than $200k.

Oh, and before the usual RNC/Rush Limbaugh talking-points are regurgitated, I also found this:

Insurer Profits Are Up In The Wake Of Health Care Law They Opposed

Since insurance companies undertook extensive lobbying efforts against health care reform -- spending millions in an attempt to derail the legislation while it was still going through Congress, and allegedly instructing their own employees to launch letter-writing campaigns in protest -- they've actually been doing quite well since it passed.

Profits are up at some of the nation's largest insurers, including Aetna, WellPoint and UnitedHealth Group, according to an analysis by Bloomberg Government. That's the opposite of what the insurers themselves predicted would happen, and comes about mainly a result of the companies taking on more business through Medicare and Medicaid.

The fight over health care reform, which ended when President Obama signed the legislation into law in March 2010, was one of the most prolonged and contentious political battles in recent memory. Conservatives mounted a fierce opposition to the reform effort, aided by a $380 million lobbying campaign on behalf of the health care industry. Insurers claimed that the new system would lead to skyrocketing coverage costs for all Americans, while politicians favoring reform countered that the insurance companies were merely worried about their own bottom lines.

If that was indeed the case, it seems insurers can breathe a bit easier now. The Bloomberg report surveys the recent earnings of five of the country's largest insurers -- WellPoint, UnitedHealth Group, Aetna, Humana and Cigna -- and finds that their profit margins have climbed to an average of 8.24 percent in the year and a half since the health care reform package was signed into law.

By contrast, in the 18-month period before health care was passed, profit margins at these five insurers averaged just 6.88 percent.

http://www.huffingtonpost.com/2012/01/0 ... f=business

Popcorn Eater wrote: Looking for requirements of new Health Care Law. not opinion

LadyJazzer wrote: Oh, and before the usual RNC/Rush Limbaugh talking-points are regurgitated, I also found this:

Didn't take long for you to get that opinion you weren't looking for. She can't help herself. Like one of Pavlov's dogs... or in this case... cats. rofllol