PRESIDENT SIGNS ACA EXECUTIVE ORDER AND IMMEDIATELY FOLLOWS WITH ANOTHER BIG ANNOUNCEMENT ON ACA

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On Oct. 12, 2017, President Trump signed an executive order intended to change certain rules under the ACA, expanding access to association health plans, health reimbursement arrangements (HRAs) and short-term, limited-duration insurance. The executive order does not make any changes to existing regulations, but directs federal agencies to consider new regulations or guidance to implement the order’s policies. This Health Care Bulletin provides an overview of the executive order.  Click the attached document to continue reading…

President Signs Executive Order Designed to Change ACA Rules

On Oct. 12, 2017, the White House announced that it will no longer reimburse insurers for cost-sharing reductions made available to low-income individuals through the Exchanges under the Affordable Care Act (ACA), effective immediately. Because Congress did not pass an appropriation for this expense, the Trump administration has taken the position that it cannot lawfully make the cost-sharing reduction payments.

This decision follows the U.S. House of Representatives’ position in a lawsuit it filed against the Obama administration in 2014 challenging the federal government’s authority to fund these cost-sharing reductions. Click the attached document to continue reading…

White House Announces ACA Subsidies Will End 10-13-17

Surge in PEO Industry Fuels ADP Earnings Surprise

http://www.zacks.com/stock/news/142202/automatic-data-processing-adp-posts-in-line-q4-earnings

“PEO Services revenues rose 19.2% year over year to $584 million in the reported quarter.”

We are seeing the same growth on the $4B we manage to help prove out their trend. ADP is an awesome company, but growth is being spiked by more employers realizing that the PEO model is the most efficient and effective way to deploy non-operational employer-related processes such as Human Resources, Compliance and Health Insurance. The Affordable Health Care Act is a “tipping point”.

It is going to be quite a fall!

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