California Healthline: Businesses Urge States To Participate in ACA’s Medicaid Expansion

Many businesses are urging lawmakers in their states to participate in the Medicaid expansion under the Affordable Care Act, noting that failing to do so would shift the cost of insurance coverage from the federal government to employers, the Wall Street Journal reports (Radnofsky, Wall Street Journal, 2/10). 

Background

Under the health reform law, companies with 50 or more full-time workers beginning in 2014 will be required to offer a minimum level of health coverage or pay a penalty, starting at $2,000 per full-time employee after the first 30. If a company offers employee health insurance but the coverage is found to be minimal or unaffordable, the company will be required to pay a penalty of $3,000 for every worker who receives a federal subsidy to purchase health coverage on the individual market. 

Though most large employers already offer coverage that meets the ACA’s minimum standards, certain industries — such as retail and hotel chains — are less likely to offer qualifying plans (California Healthline, 11/5/12). 

Read more:http://bit.ly/11L2g1S

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