Obama Signs Bipartisan Tweak to Health Care Law Preventing Premium Hikes

Filed in Advocacy, Labor, Legal by on October 8, 2015 0 Comments

moneyhealthPresident Obama on Oct. 7 signed into law bipartisan legislation supported by NAHB that will help protect many businesses from rising health care costs.

The Protecting Affordable Coverage for Employees (PACE) Act alters the Affordable Care Act (ACA), Obama’s signature health care law.

The ACA stipulated that the definition of a small employer was set to expand from one with 50 employees or fewer to one with 100 employees or fewer on Jan. 1, 2016.

The PACE Act keeps the definition of small employer at 50 or fewer employees and leaves it up to the states to increase the number if they choose.

By ensuring that employers in the 51-100 employee range will not be classified as small businesses for insurance purposes in 2016, the PACE Act will help to prevent higher premium costs for these businesses.

NAHB fought hard for this bill, working independently with lawmakers on Capitol Hill and with a coalition of other business groups.

For more information, contact Suzanne Beall at 800-368-5242 x8407.

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