Tuesday, January 8, 2013

Obamacare...A readers dream...

Happy New Year and welcome to another year of health care transformation and implementation. The IRS gave a nice post-Christmas gift with the release of additional rules and regulations for implementing the employer mandate. The IRS calls it  Employer Shared Responsibility Provisions. That has a much better tone than MANDATE which of course is what it is. Questions and answers for the rules here.

It seems appropriate that the IRS released these provisions. I wonder who will be charged with making sure any groups that have 50 or more employees are compliant?

Upon seeing the release of new solid information I wanted to get up to speed and see what it contained. The article I was viewing had two options - view a summary or full provisions. The summary itself was 13 single spaced pages.

The full provisions are 144 pages long...Wow...this is ONE item of the entire health care bill that started out as 2,500 pages of content. The additional rules and regulations could push the readability of this missive to over 20,000 pages, I assume. Not being a bookworm, I have paid for a service provider that will provide me the cliff note versions and white papers of anything and everything Obamacare-related.

The saddest part of all of this is the fact that the law will require most individuals as well as businesses to make a choice for their plan of health care or pay a penalty. It will be very difficult if not  impossible for most normal law abiding citizens to comprehend the scope of this. As an insurance broker I am quite overwhelmed with the mammoth amount of information I will need to know to best advise my clients. I look forward to the challenge...I will prevail...


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