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Health Care Reform: What Employers Need to Know Now

April 26, 2010

Authors: Ira H. Goldman, Richard I. Cohen, Kelly Smith Hathorn, Kimberly S. Cohen

Two new acts (the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010) (collectively, the “Health Care Reform Law”) were signed into law by President Obama in late March, ushering in a comprehensive restructuring of health insurance and employer provided health coverage. The Health Care Reform Law contains broad and sweeping changes to the present system which have been, and continue to be, covered in the general media, as well as myriad smaller but still critical changes. The Health Care Reform Law covers both the individual insurance market (including changes to Medicaid and Medicare) and employer provided health coverage. It also adds new taxes impacting employers and individuals.

The purpose of this Alert is to address the specific issues facing employers who have existing health coverage programs for their employees. Specifically, we want employers to understand what the Health Care Reform Law means for them, particularly in 2010 and 2011. If you have questions regarding the impact of the new legislation on your employer provided health coverage, please feel free to contact one of the members of our Employee Benefits Practice Group.

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