With the new GOP health plan eliminating the employer mandate and pushing back the Cadillac tax implementation from 2020 to 2025, industry experts say the bill is good news for employers as it will give them more opportunities to improve their employee health plans, especially when it comes to expanding the use of health savings accounts.
Congressional Republicans Monday night released their plan to replace the Affordable Care Act, called The American Health Care Act. The new measure — which will be reviewed by the House Ways and Means and Energy and Commerce committees beginning Wednesday — removes the requirement for large employers to offer health insurance to full-time employees. The new bill also will allow employers to offer more robust health programs to employees and their families as the onus of taxes and fewer regulations is removed if the bill is passed, experts say.
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