In March 2010, President Obama signed into law new health care reform. The legislation was in two parts consisting of H.R. 3590, the
Patient Protection and Affordable Care Act, PL 111-148, and H.R. 4872, the
Health Care and Education Reconciliation Act of 2010, P.L. 111-152. Collectively, these laws are known as ObamaCare, PPACA or ACA.
While the primary purpose of this reform is to mandate that all U.S. residents obtain health insurance coverage, the law creates a host of tax credits and penalties on employers and taxpayers for failure to do so. In addition, there are several new rules that were created to raise the necessary funds to pay for this reform.
NATP is here to help you and your clients comply with these new regulations and tax provisions with our webinars, articles, book and education.