All of the delays related to the Affordable Care may be seen a sign of the law's failure, but one employment law expert said Monday if he were on the employer side he would view the delays as a good thing an extra year or more to figure out what to do.
Speaking at the International Foundation of Employee Benefit Plans Washington Legislative Update, Mark Nielsen, partner at Washington-based Groom Law Group, said that understandably most employers are not happy with all the new reporting and disclosure rules that come with the ACA. Most employers, he explained, are hiring consultants and lawyers to understand the employer mandate and its many distinctions about counting hours. Yet, the key is what they are going to do about it, he said.
Despite the initial fear when the ACA launched, most employers are not dropping coverage in favor of paying a penalty. That hasnt happened and five years out, that will not change, he said. I dont think [there] will be a rush of employers to exit group health care. But as private health care exchanges get up and running along with the political landscape Nielsen believes that might change.
Register or login for access to this item and much more
All Employee Benefit News becomes archived within a week of it being published
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access