This summary is provided by the Missouri Chamber of Commerce and is for information purposes only.
Late in the evening of March 21, 2010, the U.S. House of Representatives passed the Patient Protection and Affordability Act (H.R. 3590), the Senate’s health care reform law. President Barack Obama has already signed the legislation into law. On March 25, reconciliation legislation was passed by the U.S. House and Senate and has been sent to President Obama for signature.
The health care law – and the manner in which it was passed – has left many employers, who will be left footing a large portion of cost of the proposal, scratching their heads.
“Congress has ignored the will of the people in passing this $900 billion, 2800 page entitlement program masked as health care reform,” said Missouri Chamber President Daniel P. Mehan. “It fails to fix the real problems in the health care system and at the same time threatens to break the parts of the system that work.”
The following analysis outlining the impact of the Patient Protection and Affordability Act on employers has been provided by the law firm of Constangy, Brooks & Smith, LLP. The effective dates of the various provisions are also included. This analysis covers the provisions signed into law by President Obama. We will provide an update once the reconciliation bill becomes law.
Click here for the full article from the Missouri Chamber's website.