The Patient Protection and Affordable Care Act (H.R. 3590) and the “clean-up” Health Care and Education Affordability Reconciliation Act (H.R. 4872), that were recently passed by Congress and signed by the President, will impact employer-provided retiree medical programs. By removing a tax-deduction for employers, the new law has eliminated an advantage to maintaining prescription drug coverage under the retiree programs of for-profit employers.
Written by Matthew Klein on Wednesday, 31 March 2010 13:58