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New Regulations Shed Light on Looming Healthcare Reform Costs for Businesses
The ramifications of health care reform for business owners are coming into focus as regulators float new rules to govern employer-sponsored coverage.
Lost in the political fervor over the fiscal cliff, the Internal Revenue Service recently proposed new regulations to govern what has been dubbed the “employer mandate” section of the Affordable Care Act. The provision, which takes effect next year, requires companies with 50 or more employees to either provide adequate and affordable coverage to their workers or pay tax penalties.