Obama’s last-ditch health care reform proposal would affect HR — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Obama’s last-ditch health care reform proposal would affect HR

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in Employee Benefits Program,HR Management,Human Resources

Ahead of an upcoming summit between the White House and Congressional Republicans and Democrats, President Obama has released his last-gasp proposal for reforming the nation’s health care system. Several elements of the new plan could affect HR—if the proposal ever becomes law.

The White House plan would require most employers to offer health insurance benefits to their employees, or else face monetary penalties. It would require most people to have health insurance, or else face tax penalties.

But it would create state-based insurance exchanges designed to make coverage more affordable for small employers and individuals who can’t buy health insurance elsewhere, such as through their jobs.

Last, best hope?

The Obama administration’s proposal hews closely to the health care reform legislation that the Senate passed last Christmas Eve. That bill never made it to a House-Senate conference committee that—under norm...(register to read more)

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