Mercer consultants available to discuss implications of Supreme Court’s King v. Burwell decision
June 25 2015 - 3:14PM
Business Wire
- Federal subsidies for all public
exchanges means reporting requirements and excise tax remain center
stage for employers
- Employers need to develop short- and
long-term strategies and action plans
Today’s Supreme Court decision in King v. Burwell, upholding
premium subsidies for all public exchanges, removes the last major
“unknown” for employers in developing their future benefit plans
and strategies. A Mercer survey conducted earlier this year found
that relatively few employers favored eliminating subsidies in
states using the federal exchange (Fig. 1).
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Mercer has been closely tracking and analyzing the implications
of King v. Burwell to help clients navigate and comply with the
Affordable Care Act (ACA) and related issues. Select Mercer consultants are also immediately available
for press interviews.
“Employers no longer have any reason to put off key decisions
and actions needed to comply with the ACA,” said Tracy Watts,
Mercer’s national leader for health care reform. “With King v.
Burwell finally in the rear view mirror, the most pressing issue is
the shared-responsibility reporting requirements for 2016. Looking
further ahead, employers can also consider strategies to take
advantage of the public exchanges and premium subsidies that could
prove a win-win solution to providing coverage to employees working
less than 30 hours a week and to early retirees.”
Watts continued to say that while the ruling maintains the
status quo for now, Congress and the President could agree to make
targeted changes to the ACA this year, despite the looming 2016
elections. Employer-backed reforms with bipartisan support –
including repeal or revision of the 40% excise tax on “high-cost”
plans and eased reporting requirements – stand a chance of becoming
law as part of a bigger legislative package.
To schedule an interview with a Mercer consultant about the
impact of the Supreme Court’s King v. Burwell decision on
employer-sponsored health plans, please contact Mercer’s Anna Gioni
at anna.gioni@mercer.com or at
212-345-7291. Mercer will also be hosting a related webcast on July
9 – please feel free to register here.
About Mercer
Mercer is a global consulting leader in talent, health,
retirement and investments. Mercer helps clients around the world
advance the health, wealth and performance of their most vital
asset – their people. Mercer’s more than 20,000 employees are based
in more than 40 countries and the firm operates in over 130
countries. Mercer is a wholly owned subsidiary of Marsh &
McLennan Companies (NYSE:MMC), a global professional services firm
offering clients advice and solutions in the areas of risk,
strategy and people. With 57,000 employees worldwide and annual
revenue exceeding $13 billion, Marsh & McLennan Companies is
also the parent company of Marsh, a leader in insurance broking and
risk management; Guy Carpenter, a leader in providing risk and
reinsurance intermediary services; and Oliver Wyman, a leader in
management consulting. For more information, visit www.mercer.com.
Follow Mercer on Twitter @Mercer.
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version on businesswire.com: http://www.businesswire.com/news/home/20150625006256/en/
MercerAnna Gioni,
+1-212-345-7291anna.gioni@mercer.com
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