Attorney to employers: Plan to live with ObamaCare – for now
Despite the hullabaloo regarding repealing and replacing ObamaCare, a
Speaking at an employment law seminar presented by Salt
"Stay the course," said Nathanson, a principal in the Jackson Lewis office in
Trump's goal is to repeal and replace the ACA and ensure everyone has access to insurance coverage, and congressional
That executive order calls for federal agencies to delay ACA provisions or requirements "that would impose a fiscal burden on any state or a cost, fee, tax, penalty, or regulatory burden on individuals, families, healthcare providers, health insurers, patients, recipients of healthcare services, purchasers of health insurance, or makers of medical devices, products, or medications."
Nathanson emphasized that the order affects only agency direction and did not repeal ACA.
"It's important to know that the order did not actually effect any change," she said. "I view it as a messaging tool. It was there to show the American public that
As a result of that order, the
Another Trump option, to alter ACA through regulatory changes, is likely too slow for his taste, she said.
"All of these are slow and I think undesirable - at least in the first 100 days, they were undesirable - because
But the legislative option hit a snag when the American Health Care Act (AHCA) failed to make it to a House committee vote. Even if it were resurrected and passed, it would be a budget reconciliation measure. Such measures can only affect taxes and spending, which means the
Still, Nathanson said
The
The other legislative options share elements "that I think will ultimately get passed, one way or another," but probably not within the president's first 100 days in office, she said. Among them are individual and employer-shared responsibility penalties being reduced to nothing, individuals without coverage paying an increased premium to insurers rather than facing a federal government penalty, the retention of prohibitions to denying coverage for people with pre-existing conditions, the ability to retain children on parents' plans until age 26, and the enhancement and expansion of health savings accounts (HSAs).
If ACA is repealed or modified and the employer-shared responsibility mandate is repealed or its penalty cut to nothing, that would represent an opportunity for employers, she said. Companies offering ACA-compliant benefits now could continue to offer them as a way of attracting talent, especially if industry competitors stop offering those benefits. And companies that find ACA compliance too costly could stop offering those benefits and save money, she said.
But until something happens to change the ACA, she said, employers need to fill out all the paperwork and otherwise handle its requirements.
"We'll continue to watch it and see how it changes," Nathanson said. "I think changes are coming. I think they will just be slower than the first 100 days, which everybody was sort of expecting."
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