With the 2016 elections behind us, a new White House administration being organized and a recently extended IRS deadline for employers to provide 2016 Affordable Care Act (ACA) information to individuals, there may be some speculation about the healthcare mandate.
While President-Elect Donald Trump may sympathize with the nation’s employers as they scramble for Affordable Care Act (ACA) 2016 compliance and reporting, don’t expect your days of compliance and reporting using an ACA software solution or manually to be over any time soon. Steps to change what is already in motion regarding healthcare and ACA reporting as a compliance issue are simply not going to happen in short order.
This means your company or organization should stay the course and continue to work toward the known deadlines ahead for ACA compliance as we cross year-end despite the 2016 elections.
2016 Elections and Policy Changes
Recently, Trump placed a policy page about healthcare on the new greatagain.gov site, which states, “A Trump Administration will work with Congress to repeal the ACA and replace it with a solution that includes Health Savings Accounts (HSAs), and returns the historic role in regulating health insurance to the States.” It is important to note the policy page does indicate when this replacement solution will occur.
According to the online statement, “The [incoming] administration recognizes that the problems with the U.S. healthcare system did not begin with — and will not end with the repeal of — the ACA.”
Trump will need to build bi-partisan support for whatever healthcare plans he is making, and that will take time,
How much time? No one knows! It’s pure conjecture to guess how long ACA compliance reporting will continue regardless of the 2016 elections. As a consumer and a corporate citizen, there will be time enough to hear the debates from Washington on what comes next. Until then, ACA is still the law, and it is business as usual at work regarding compliance and reporting.
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