March 2010 - Health Care Reform Legislation – How it will Impact your organization

Health Care Reform Legislation - How it will Impact your organization

On March 21, 2010 the U.S. House of Representatives passed major health care legislation.  The House passed a bill previously approved by the Senate called The Patient Protection and Affordable Care Act.  President Obama has recently signed the legislation, so it will become law.  

In one more important step, the House passed an amendment to the health reform legislation called the Health Care and Education Affordability Reconciliation Act of 2010, which was recently approved by the Senate.

The process of passing health care reform was complex, and further political and legal battles appear likely to follow.  None of the health care reform changes affecting employer health plans will be effective until later this year.  

We know many of our clients have questions about what the newly passed health care reform legislation, H.R. 3590, contains and how it will impact your business and current health plans.  The A.E. Mourad Agency, Inc. is working hard to provide you with the information and tools you need to better understand the changes and what impact it will have on your current and/or future health plan offerings.  

The current amount of information about the reform bills are staggering, and A.E. Mourad Agency, Inc. feels that it is very important to make sure we analyze these measures thoroughly.  We ask that you keep in mind that the passage of this legislation is just the beginning point, and the implementation and regulatory processes surrounding these measures will take place over several years.

The NAHU in cooperation with the A.E. Mourad Agency, Inc. has developed charts illustrating the timeline for implementation of the law.  The first attachment is a very detailed chart that explains how all of the new health insurance reforms in both the Senate bill and the reconciliation bill will impact private health insurance.  The second chart is a simplified timeline that explains how both pieces of health care reform legislation will impact both our individuals and groups.