Health reform survives Supreme Court ruling: What’s next?
Employers that were banking on the High Court to toss out the controversial healthcare reform law will now have to adjust their game plans.
It looks like health reform is here to stay – at least for a while longer.
By a margin of 5 to 4, the Supreme Court upheld the law.
Although the reform provision that required individuals to purchase health insurance or pay a penalty was actually deemed a violation of the Commerce Clause of the Constitution, the law was still able to stand.
How? Five justices ruled that the penalty for enforcing this rule was actually a tax, so technically it doesn’t exceed Congress’s taxing power.
However, the ultimate fate of the law is still far from certain. There’s a highly contested presidential race going on right now and, if elected, Republican candidate Mitt Romney has vowed to do away with the law.
For now, Finance will want to get together with HR to put together a plan for complying with the upcoming reform provisions.
- Share on
Free Training & Resources
White Papers
Provided by UJET
White Papers
Provided by Anaplan
Further Reading
Could it be time for a review of your employee severance agreements? Right now Twitter’s experiencing major pitfalls from having them...
CFOs and benefits professionals can only do so much to influence employees to invest in a company 401(k) plan. So-called influencers are of...
EBSA FY 2025 Enforcement Snapshot $1.4B recovered for workers and plans 878 civil investigations closed 253 criminal investigatio...
Layoffs, inflation, AI … these are just some of the factors making employees feel more stressed about their jobs and career future. S...
Financial wellness programs often sound expensive or complex, but the truth is that one simple step — helping employees better unders...
It’s that time of year again: Employer health insurance plans are up for renewal. For finance leaders, this period can feel like a lotter...
