Yesterday the Departments of Health and Human Services, Labor, and Treasury jointly released the highly anticipated regulations for status as a “grandfathered health plan.” The regulations outline the routine changes that plans existing prior to March 23, 2010 can make without losing their grandfathered health plan status. Mid range projections in the regulation estimate that about half of employers will lose their grandfathered status by 2013. By losing grandfathered status, plans will have to comply with new federal health reform regulations that include many additional provisions such as: coverage of recommended prevention services with no cost sharing and guaranteed access to OB-GYN and pediatrician services.
Kaiser Health News’ Phil Galewitz and Mary Agnes Carey published an article yesterday outlining the business community’s mixed reception to this newly released regulation. Both small and large businesses have established opinions for and against the regulations, and all seem to agree its greatest benefits lie with consumers. To access the full Kaiser article click here
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