What this means for Employers’ Group Health Plans
The Patient Protection and Affordable Care Act of 2010 (ACA) has been upheld by the United States Supreme Court. This week’s re-election of President Obama is viewed by some as a mandate for implementation of the ACA. While it is likely that efforts will continue to modify and even repeal certain provisions of the ACA, employers and their group health plans have a number of additional requirements to implement in the very near future. Timely implementation of, and compliance with, ACA is necessary to avoid significant monetary penalties as well as potential lawsuits and audits from participants and the federal agencies responsible for oversight.