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?
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
