What CE Retailers Need to Know About Health Care Reform
Retailers can debate the new health care reform law's failure to reign in costs and decrease premiums. They can worry about its impact on the federal deficit. But before any retailer - from independents to big boxes - give health care reform another thought, they have to call their accountants and press for specifics about how the new law impacts them.
In the process of trying to achieve greater healthcare coverage for more Americans, the new health care reform law will directly impact retailers' human resource policies and procedures, put new mandates and restrictions on insurance providers, and levy new restrictions and, in some cases, new taxes on employees and business owners.
The Obama administration campaigned hard to promote the new law to consumers and small businesses (of up to 25 fulltime employees) but provided disappointingly limited information about the law's specific impact on bigger business. Dealerscope is here to try and fill the gaps. Below is a primer/timeline of some of the major health care reform changes that will impact retailers in the years ahead. Many more complex changes are in the offing. So call that accountant now!