Now that President Obama has been elected for a second term and repeated attempts to repeal his signature health care legislation have failed, the Patient Protection and Affordable Care Act (PPACA) looks like it’s here to stay. With that knowledge in mind, Printing Industries of America will focus its efforts on pending regulations within the bill set to take effect over the next two years and compliance issues resulting from those regulations.
Specifically, we will be looking at the employer mandate set to go into effect in 2014. As it stands now, the employer mandate will impose large financial penalties on certain employers who do not provide health insurance coverage and, in some cases, on employers who do provide coverage, but not in full accordance with the new regulations.
Language like this prohibits small business growth because it makes crossing the 50 employee threshold extremely expensive and forces businesses to spend real resources to navigate through all the new red tape. Accordingly, we will lobby for a balanced solution that is cost effective for businesses and promotes growth for our member companies.