An article by TimesEditor-in-Chief Robert Sheen providing CEOs with a brief “Guide to ” has been published by CEO Magazine. The article is also available the magazine’s website.
Five years after it was enacted the Act remains controversial, Sheen notes, but regardless how one views the , “it is now a necessary element in every CEO’s planning.”
For smaller companies, with fewer than 50 employees, the really isn’t an issue, because they are exempt from the ’s “ ” requirements, and don’t have to provide workers with . the 6 million in the nation, 5.8 million or 96% are exempt.
Larger companies, with 50 or more employees, are required to provide healthcare , but even for these “the reality is likely to be less burdensome than some alarmists might suggest,” Sheen writes, because the overwhelming majority these companies already to their employees even before the was enacted.
“For these companies, compliance with rules will mostly be a matter recordkeeping, to show that they are making sure employees are given the required information, and filing some additional with the ,” he notes. The article then details the key -related issues CEOs must consider.