Some Republican lawmakers have submitted a bill that would be a replacement for the Affordable Care Act (Obamacare). The proposed law would give states three options. The first option is they can keep Obamacare as it is right now. The second option is that they can implement the replacement healthcare solution that is laid out in the proposed bill. Finally, states can also choose to draw up their own healthcare reform as their third option.
The plan also keeps Obamacare’s ban on pre-existing conditions and coverage of dependents up to age 26 throughout the country.
This proposed plan could create compliance problems for multi state employers if different states have different health care laws being implemented. Some critics of the bill also say it would create “chaos” in the health insurance market.
Repealing and replacing Obamacare is not as easy as it sounds and it will be some time until there are any big changes that take affect. However, businesses should be ready for any changes that may be coming in the coming months and years.