This week the Supreme Court is expected to rule on the Affordable Care Act. Many pundits expected a ruling today, but the Court decided to punt the issue until probably Thursday. Regardless of how the Court rules, the decision will impact all of us.
The law will impact all of us as individuals because health care costs are the number one issue in this country. That is becoming evident to the public as they continue to see insurance premiums rise. Even more painful is the reduced take-home pay because of health care costs. Ever wonder why you are not getting a raise? That might be the reason.
The law will impact your employer. Many employers are already struggling in a tough economy that is becoming more complex with new government rules and regulations. If the law is kept in place, expect numerous new compliance requirements and headaches for human resource departments. What many people do not realize is that time is money. When an employee has to spend time keeping up with new government requirements it reduces the time they have to actually do the job they were hired to do. If part or parts of the law are over-turned, employers will have to deal with benefit changes that have been implemented since the law was passed in 2010. That takes employee time away from normal business operations as new information is processed and absorbed into company operations, obviously no simple matter.
Regardless of what the Court decides, this issue is here to stay. Health care is the number one cost in our lives, and the top driver of our national debt . With that in mind, I am pleased to introduce the new program I will be hosting on 1110 KFAB, called “America’s Healthcare Challenge.”The first podcast can be found here or at the link below. The show will be an objective look at the issue of health care and the challenges we will face as a nation going forward. Check out the show page below for the maiden voyage of “America’s Healthcare Challenge. Weekly recaps will be posted on HealthReformExplained.com as well as tons of the latest information on this issue.