Individual mandate delay bill nears vote
House members have another chance to derail the Patient Protection and Affordable Care Act individual mandate.
House leaders want to bring H.R. 4118, the “Suspending the Individual Mandate Penalty Law Equals Fairness Act” bill, to the floor sometime this week.
The House Rules Committee plans to set bill floor debate guidelines at a meeting Wednesday.
PPACA now calls for many taxpayers who fail to have minimum essential coverage in 2014, or qualify for an exemption, to pay a penalty of 1 percent of taxable income for the 2014 tax year.
Affected taxpayers would have to pay the penalties when they file their 2014 taxes.
H.R. 4118 would set the penalty for 2014 at zero.
Rep. Lynn Jenkins, R-Kan., the lawmaker who introduced the SIMPLE Fairness Act bill, said in a statement that the Obama administration has already delayed the effective date of the PPACA employer mandate one year.
“It is not fair to give relief to businesses with big checkbooks, yet not help hard working families with relief from these unaffordable mandates,” Jenkins said in a statement.
Carriers, and others, have argued the individual mandate penalties are too low, and that setting up an affordable, guaranteed-issue, community-rated health insurance system requires the use of mandates to keep low-risk people in the risk pool.
Letting low-risk people go without health coverage also increases the risk that they’ll become a burden to providers, carriers and the feds when they do need care, supporters argue.
- Nitty-gritty on 6 key provisions of employer mandate
- PPACA mandate battle reaches Senate floor
- Some Democrats back individual mandate delay
Originally published on BenefitsPro. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Toll Free. (855) 664-2771
Toll Free Fax. (866) 436-7420
The information contained in this email message is confidential under federal law, and is intended only for the use of the individual or Entity named above. If the reader or recipient of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this confidential information is prohibited by federal law. If you have received this communication in error, immediately notify Kelley Insurance at the above number, and return all information that accompanies it to Kelley Insurance to the address given above.