Facing a lack of votes, House Republican leaders announced late Friday afternoon the decision to pull legislation to repeal the Affordable Care Act (the “ACA”) from consideration on the House floor without any immediate plans to try again. “ObamaCare is the law of the land,” said House Speaker, Paul Ryan. “We’re going to be living with ObamaCare for the foreseeable future.”
President Trump indicated he will put efforts to repeal the ACA aside in order to focus on other objectives. Although it is possible that the Republican controlled Congress will continue work on legislation to repeal or modify the ACA which it could present to President Trump, the timeline for any such efforts is uncertain.
Additionally, the IRS has not to date announced what, if any, relief it intends to provide to employers subject to the Employer Shared Responsibility Mandate since President Trump signed an executive order that directed the heads of executive departments and agencies to generally minimize the “economic burden” of the ACA.
Given that the ACA remains the law of the land and the lack of certainty that the IRS will provide any additional relief with respect to the Employer Shared Responsibility Mandate, employers should plan to continue complying with the ACA’s requirements, including its reporting requirements, for the foreseeable future. We will keep you updated as to additional developments when they occur, but in the meantime, please contact us if you have any questions at 888-622-6460.
The MBA Healthcare Task Force