Thursday, April 14, 2011

More than just Klingon

As if the last little "present" from Ms Shecantbeserious wasn't enough, there's a raft of new notices on its way to businesses which stubbornly continue to offer group health insurance. Here's a preview:

"On March 31, several Federal agencies released for public comment various documents regarding Accountable Care Organizations (ACOs). The central document includes the Proposed Rule released by the Centers for Medicare & Medicaid Services (CMS) on ACOs under the Medicare Shared Savings Program."

Oh, goody!

But wait, there's more:

"Also on March 31, CMS issued a notice entitled, "Early Retiree Reinsurance Program." This notice announces that the ERRP will no longer accept new applicants after April 30, 2011."

We've discussed this program before, noting that it's basically an accounting ruse to funnel extra ObamaCash© to worthy entities.

But we're not done yet. Last fall, we noted a new W-2 requirement, allegedly voluntary this year, but set to become mandatory later on. According to the new release:

"This is an informational reporting obligation and does not cause excludable employer provided health care coverage to become taxable."

Color me skeptical.
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