Business Alabama – Accounting for Health Care Reform
January 1, 2013
One thing you can count on after the 2012 presidential election is that health care reform, passed in 2010 — the Affordable Health Care for America Act, “Obamacare” — will continue to kick in. Business owners’ fears must now be dealt with as accountancy issues, not political ones. Chief among those fears is the “play or pay” provision, requiring that large employers — more than 50 full-time workers — provide health insurance or pay a penalty, starting in 2014.