Date of this Version
Cornhusker Economics, University of Nebraska–Lincoln Extension, May 28, 2014
The Affordable Care Act (ACA) went into effect in 2010 and continues to rollout significant sections of the law that affect individuals and businesses alike. Some ACA requirements are partially implemented and others are still undergoing scrutiny and policy changes. For instance, effective January 1, 2014 all individuals, including children, are required to have health insurance coverage or face a penalty for non-compliance. Although this law is now in effect, there have been administrative changes that allow for variances in the implementation of the law. Similarly, administrative regulations continue to be further defined that impact how businesses interact with employees and provide health insurance coverage.