Yesterday, President Obama’s Administration announced that it was delaying the ACA’s employer mandate until 2015. That means companies with more than 50 full-time employees won’t face penalties if they opt out of providing health coverage to workers in 2014. There is a lot of speculation around why this provision was delayed, and political lines continue to deepen as a result. Meanwhile, a Senior Obama Adviser said that this change offers “employers the time to . . . make any necessary adaptations to their health benefits while staying the course toward making health coverage more affordable and accessible for their workers.” Ultimately, this isn’t the first time a health reform provision impacting businesses has been affected, and more change is likely.
So, where does that leave us at ConnectedHealth?
The answer is simple: it’s business as usual (also known as: full steam ahead!). Although part of our effort is to help companies navigate the evolving road of the ACA (and we will continue to do so), ConnectedHealth’s business model was never predicated on health reform. Rather, our focus is solving employer health-care cost problems with innovative solutions, while providing employees with the resources they need to be healthy and financially secure. At the end of the day, our partners are better equipped to manage their costs and offer a broad range of coverage options to their staff.
The reality is this: one of the best ways for companies to attract talent is to offer competitive health benefits. And with recent reports stating that 91% of large U.S. firms (200+ employees) and 94% of smaller firms (50-199 employees) already provide employee health coverage, it’s clear to us that employers were never waiting for the ACA mandate. And neither were we.