When the healthcare law was first passed on March 23, 2010, many people would quote Nancy Pelosi who said, "We have to pass this thing and then figure out what's in it." or something along that line. Right or wrong, this is exactly what happened!
Six months after the law was passed, pieces of the law were implemented, and continue to be implemented over time, with a large chunk of the law going into effect on Jan 1, 2014 with the individual mandate and the start of ACA plans for individuals.
Fast forward to today, the end of summer of 2015, we have already seen things removed from the law entirely (1099 reporting), not implemented and abandoned completely by the HHS (CLASS act), and many more items delayed by a year or two - Employer mandates and various reporting delayed and nondiscrimination rules delayed indefinitely, and may never be implemented. It appears that as we actually read and understand this law, we realize it needs some tweaking.
2018 is when the "cadillac tax" is scheduled to be imple ...
Read the rest of entry »