Delayed Until 2015, But What About You?
Online, September 1, 2013 (Newswire.com) - The delay gives the IRS more time to simplify reporting requirements, as well as for businesses to get up to speed with reporting systems. The government still encourages businesses to voluntarily begin reporting in 2014 so they will be ready for 2015.
Business groups had argued for months that the law created an administrative burden for businesses as they tried to update technology and plan to offer health coverage to their employees without knowing how much the coverage would cost.
Businesses with more than 50 employees would have paid a fee of $2,000 per uninsured employees after the first 30 employees. The Congressional Budget Office expected those penalties to bring in $4 billion in 2014.
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2013 Philadelphia Healthcare Reform Expo & Summit will be a historic meeting of providers, public servants and private industry. A percentage of the proceeds from the Summit will be donated to the community. The Healthcare Expo is formulated to educate individuals, employees, businesses and healthcare professionals about the Patient Accountability and Affordable Care Act. The following professionals will be participating: Healthcare Professionals - Physicians, Care Providers & Administrators; Top-level researchers & members of the scientific community; Pharmaceutical executives and representatives and executives and representatives from the health care system.We hope to open ongoing dialogue that will bridge the divide between the perceptions and realities that will soon impact healthcare, a situation complicated by social-economic and environmental factors. While employer mandate may have been delayed , other changes under the Patient Accountability and Affordable Care Act could be critical to your understanding. The mission of the Summit is to provide a venue for forming partnerships that will actively inform and change health behaviors from reactive to proactive and move healthcare delivery from acute to preventative. The Summit will focus on understanding the new laws and how each demographic can make the best decisions on managing healthcare costs.