jefferson chamber of commerce healthcare conference

JEFFERSON CHAMBER OF COMMERCE HEALTHCARE CONFERENCE

The New Healthcare Environment Impact on Human Resources

I. INTRODUCTION

A. Purpose of Presentation

B. Overview

II. HISTORY AND EXPECTED FUTURE OF NEW HEALTHCARE LAW

A. President signs into law “The Patient Protection and Affordable Care Act: on March 23, 2010

B. “Budget Reconciliation Act of 2010” is enacted on March 30, 2010 amending and supplementing The Patient

Protection Act

C. Department of Health and Human Services, Treasury Department, and Department of Labor begin

drafting and implementing regulations

D. Potential for more changes in the law

III. IMPORTANT CHANGES IN REQUIRED HEALTH INSURANCE COVERAGE OF CERTAIN EVENTS

A. Adult children can stay on their parents’ policies until they are 26

B. All new policies will be required to cover most preventive care

C. Healthcare plans cannot deny coverage to dependent children of Plan participants because of pre-existing health

conditions

D. The practice of dropping insured individuals when they become ill will be banned

E. Healthcare Plans Can No longer Set Lifetime or Annual Caps on Benefits

IV. SIGNIFICANT IMPACT OF NEW HEALTH INSURANCE LAW THAT DIRECTLY AFFECTS MOST EMPLOYERS

A. Adds a new $2,000 per employee penalty on many businesses

B. Will impact other current laws

IV. CONCLUSION