Thursday, June 4, 2009

Employees And Employers Likely To Be Put Under Health Insurance Mandates

Discussion of health care reform on the Hill and at 1600 Pennsylvania Avenue leads to the conclusion that any legislation on the subject coming out of this Congress will most likely include a requirement that every person purchase health insurance, just like most states now require every driver to have car insurance. In order not to completely dismantle the present health insurance delivery system, employers will likely be forced to pay part of the premiums for employees, and also to do the work of collecting and remitting the employee's share by payroll deduction. Medicare and Medicaid will probably continue in substantially their present form, though coverage under Medicare may be reduced to cut costs.

If your business already contributes to employee health care premiums, and collects and remits their share by payroll deduction, nothing much will change for your business. If not, get ready to participate, whether you like it or not.
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