Part I: Health Care Reform Special Report

On March 23, 2010, the “Patient Protection and Affordable Care Act” (“ACA”) was signed by President Obama. Since that time, there has been much debate as to its viability, its content and whether or not it would in fact survive. This past June the United States Supreme Court upheld the ACA in a 5-4 decision written by Chief Justice Roberts.

The issue we heard most about during the Supreme Court review of the case was the “Individual Mandate”. The Supreme Court upheld the Individual Mandate as constitutional under Congress’ Taxing Power. So, while many questions remain as to the details of the implementation of various provisions of ACA one thing is for certain: Beginning in 2014, uninsured Americans will face penalties if they do not have health insurance

(In 2014, the penalty is up to $285 per family ($95 per adult and $47.50 per child) or 1% of family income whichever is greater. In 2015, the penalty is up to $975 per family ($325 per adult and $162.50 per child) or 2% of family income whichever is greater. And, in 2016, the penalties increase to up to $2,085 per family ($695 per adult and $647.50 per child) or 2.5% of family income whichever is greater).

Likewise, employers will face penalties if they provide inadequate or unaffordable coverage to their employees, or if they do not provide coverage at all – the “Play or Pay” provision.

The following links provide a brief synopsis on some of the key provisions of ACA, several of which are already in effect.

Click to read:
Part II: Provisions Already In Effect
Part III: What To Expect in 2013
Part IV: …And in 2014
Part V: Delayed Provisions

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