The PPACA requires employers to offer health plans if they have more than 50 full-time employees. Rep. Todd Young (R-Ind.), the bill’s sponsor, has said the current definition of full-time employment drives companies to reduce their workers’ hours to less than 30 per week to ensure they fall short of the threshold of 50 full-time employees.
From 2015 to 2024, the Congressional Budget Office has projected the legislation — called the “Save American Workers Act” — would reduce the number of people with employment-based coverage by about 1 million and increase the number getting coverage through Medicaid, the Children’s Health Insurance Program or the PPACA health insurance exchanges by between 500,000 and 1 million people, according to the report. It would expand the uninsured population by less than 500,000. As a consequence of this shift and changes in penalties, the CBO has estimated the measure would increase budget deficits by $73.7 billion from 2015 to 2024.
Citing the CBO analysis, the White House has said President Barack Obama will veto the legislation if it reaches his desk. However, the Democrat-controlled Senate is not expected to even consider the measure, according to a report from The Hill.
More Articles on the PPACA:
House Considers Bills That Would Modify PPACA Insurance Requirements
CBO: Republican Bill Would Increase Deficit, Shrink Number of Work-Based Insured by 1M
What Do Health Insurers Have to Say About PPACA?
