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Dayton Business Journal
Kim Wilcoxon Q&A: What businesses need to know about Obamacare
by Olivia Barrow, Staff Reporter
Thursday, November 8, 2012

In the wake of the presidential election two things are now certain for businesses: President Barack Obama is here to stay, and so is Obamacare.

The Affordable Care Act is one of the biggest issues looming over businesses as they look into the next year.

The Dayton Business Journal asked Kim Wilcoxon, a partner with Thompson Hine in southwest Ohio, how businesses need to prepare in anticipation of the new law.

Q: Since President Obama was re-elected, do you see any more roadblocks for the Affordable Care Act?

A: There are some practical roadblocks. For example, state exchanges will need to be established by Jan. 1 2014. It will take a lot of effort to get those exchanges up and running by then and there’s not a lot of time left. From a legal perspective, there’s a lot of uncertainty about how to implement the Affordable Care Act. Regulatory agencies need to issue guidelines soon.

I don’t see any roadblocks to the act actually becoming effective in accordance with its effective dates. President Obama clearly supports the act. You have a divided congress. I don’t anticipate any legislative action that will prevent the act taking effect. It would take another Supreme Court case, where a different aspect of the law was challenged successfully for that to stop implementation.

Q: Were a lot of companies sitting on their hands expecting it might get repealed if Romney won the election?

A: I did not get the sense they were waiting on the election, but they were waiting on guidance, and regulatory agencies were waiting on the election in order to issue guidance.

Q: What are the next deadlines for companies? What do they need to do to get in compliance? …

Read the rest of this article at Dayton Business Journal


 
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