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‘Obamacare’ and your business
Barely two years old, the United States’ Patient Protection and Affordable Care Act (PPACA) is one of the most expansive pieces of healthcare legislation in American history.
Most commonly known as the Affordable Care Act or Obamacare, the PPACA was developed in an effort to increase the number of Americans covered by healthcare and eventually reduce overall healthcare costs.
Beginning in 2014, U.S. employers with more than 50 employees will be required to provide minimum essential insurance coverage to all associates and their dependents.
Calculating qualified employees isn’t as simple as counting to 50. PPACA uses an unusual formula to measure how part-time and full-time employees are counted, meaning dealers should start preparing now for how their employees will be counted next year.
For an in-depth look at how PPACA can impact your business, see this report from our sister site, Successful Dealer.