Yes, I’ve actually been reading the bill in it’s entirety and while I’m no lawyer, I and most Americans, can understand it given the time to read thoughtfully. Here’s a sampling of what I’ve uncovered and much of it simply isn’t being discussed, much less revealed, by politicians on either side…I can only guess its because they rightly assume we’re more preoccupied with work and the NCAA to understand these details. I’ve provided some of the relevant sections I’ve already come across, followed by my summary of the interesting details. Enjoy or be afraid!
Subtitle B–Employer Responsibility
PART 1–HEALTH COVERAGE PARTICIPATION REQUIREMENTS
SEC. 311. HEALTH COVERAGE PARTICIPATION REQUIREMENTS.
SEC. 312. EMPLOYER RESPONSIBILITY TO CONTRIBUTE TOWARDS EMPLOYEE AND DEPENDENT COVERAGE.
SEC. 313. EMPLOYER CONTRIBUTIONS IN LIEU OF COVERAGE.
Employers must offer coverage to individual AND family and make the payments according to Sec. 312 if employee accepts. Such payments must cover at least 72.5% of the premium for individuals or 65% of premium for family coverage.
If the employee declines but gets coverage through another plan in the Exchange, the employer STILL has to make a cash payment to the Exchange equal to 8% of all average wages for the period per Sec. 313.
The bill also ensures employers pay proportionate premiums for PT workers and employer contributions are not qualified if there are employee reductions in other compensation.
What about all the assurances that small businesses wouldn’t be affected? The bill defines small employers as those with annual payroll < $400,000. What is that 15-20 employees max?
Additionally, the employer must provide information to the Commissioner to prove compliance and Sec. 323 authorizes the Secretary to “regularly audit a representative sampling of employers and conduct investigations and other activities with respect to such sampling of employers so as to discover noncompliance”.