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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get repealed if Romney won the election?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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