Healthcare.gov’s fiasco-ridden launch was the result of insufficient testing and poorly-led development. The federal contractors entrusted with the website’s creation made that clear Thursdays in testimony on Capitol Hill.
The reason: existing policies do not offer what is required under the Affordable Care Act, which takes effect Jan. 1. Most of the cancelled policies were sold after the law passed in March 2010. Some are reportedly cancelling plans sold to people with pre-existing medical conditions.
BusinessNewsDaily.com found that the vast majority of the more than 5.7 million small businesses in the United States have fewer than 50 employees. That means they are not required under the new Obamacare mandates to offer health insurance to their employees.
The Affordable Care Act, also known as the ACA or Obamacare, launched its online insurance exchanges, the heart of President Obama’s healthcare reform — and hopefully the beginning of reasonably inexpensive coverage for millions of Americans.
With days to go before the Oct. 1 launch of Obamacare health exchanges, the administration released prices for insurance plans Wednesday, with Americans paying an average premium of $328 monthly for a mid-tier plan.
In a blog post, the SBA gives this fact: If your company is covered by the Fair Labor Standards Act, you must provide a written notice to your employees about the Health Insurance Marketplace by October 1, 2013. However, there is no fine or penalty under the law for failing to provide the notice.