Wednesday, March 16, 2011

HealthCare Reform Breakdown

Today I was reading up on the Health Care Reform just to see if anything new has come about since I last checked.  I didn't find anything new that I thought would benefit you substantially; however, I did come across this great article by Mike Vogel from FloridaTrend.com written a few months back that is extremely helpful.  He breaks down in very simple terms some of items that are being altered due to the Reform.  Over the next week or so I will be showcasing pieces of article to help you better understand the changes.

Here is the kickoff of Mike's fabulous article,

"Florida’s small-business owners are making like Scarlett O’Hara. When it comes to preparing for 2014 — when the bulk of the new healthcare law kicks in — they’ll think about it tomorrow.
The year 2014 is when the individual mandate and its penalties take hold along with insurance exchanges. For now, owners and managers are focusing on staying in business. Lacking the HR staff and time of larger companies, they feel they have enough to do absorbing this year’s health insurance rate increases. The sentiment is “we’ll worry about 2014 when it gets here,” says employee benefits adviser Steve Farmer, a senior vice president with Wallace Welch & Willingham in St. Petersburg. It’s not sloth; owners want to see what the courts and a Republican House and more balanced Senate do — and who is president in 2013..."

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