What you need to know about Health Care Reform Today!
The subject of healthcare reform is not only timely but the eventual outcome will affect every citizen personally and professionally. With an increase in information it is becoming tougher to know where to get accurate information. Knowing how it will affect your business and your personal health care needs makes this a topic for all to be interested in, regardless what side of the political fence you sit on. It is important to stay educated and informed.
According to Benefits by Design’s recent newsletter, under currently proposed bills “employers will be mandated to provide health benefits to all of their employees, even if they already provide comprehensive coverage and employers will be required to contribute specific amounts towards their employee’s premiums. Employers that don’t do this will face harsh penalties.”
The Senate bill does exempt employers with less than 25 employees, but the House bill applies to all employers with payrolls of $500,000 or more, which could cause wage stagnation and the loss of millions of jobs.
Some helpful resources include this website where you can see a variety of proposals that have been submitted to Congress. It gives a break down on how each reform option compares to the next.
In addition this article sent out by NAPEO speaks to the impact on small businesses.
What can you do? Get educated on health care reform and feel free to contact your local officials to have your opinion heard.
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