About 150 comment letters have been submitted to date and the talking points are largely predictable. As the Affordable Health Care for America Act (HR 3962) comes to the floor for a vote, it’s clear that North Carolina’s delegation, particularly Reps. Hundreds of thousands of North Carolina residents are currently living without any health insurance at all.
The City of Winter Haven in Florida has a new health insurance coverage program that helps the residents without health insurance coverage to get prescription medications at affordable prices. It’s been a long hot summer for stop-loss insurance indeed, which has ended without much certainty for the future of the self-insurance marketplace.
They argued that because of this loophole” there is incentive for smaller employers to self-insurer, facilitated by stop-loss insurance with low attachment points, in order to be able to offer skimpy health care coverage as a way to save money. While the weather is generally nice in California, a perfect storm of legislative and regulatory mischief is indeed brewing.
Beginning in 2014 the principal part of the Patient Protection and Affordable Care Act , the health insurance requirement, will go into effect. Business owners with more than 50 employees will be faced with a similar question; to either provide health insurance or facing a $2000.00 penalty/tax per employee.
This effectively allowed for a second bite at the apple on restricting the self-insurance marketplace through federal action in some form in response to perceived abuses and/or adverse effects on broader health care reform objectives. Membership for each of your dependents (If any) starts on the date as agreed between the Policyholder and BUPA Health Insurance.