The Employee Health Care Protection Act of 2014 would allow insurers to continue offering insurance plans that are not compliant with the Patient Protection and Affordable Care Act and would bring in $1.25 billion in tax revenue from 2015 to 2024, according to a Congressional Budge Office report.
The Act, proposed by Rep. Bill Cassidy (R-La.), would allow insurers to offer group health insurance plans that they offered on any date in 2013, even if the plans do not meet the "minimum essential coverage" requirements of the PPACA. Under the Act, insurers would be permitted to sell the non-compliant plans until Dec. 31, 2018.
The bill would permit groups to enroll in the non-compliant plans even if they had not been previously covered by them. However, insurers would not be allowed to offer the plans through the health insurance exchanges.
Along with generating $1.25 billion in tax revenues, the CBO and the Joint Committee on Taxation estimate the Act will lead to an additional 2 million people in the small group market enrolling in health insurance policies in 2016 that are not compliant with the PPACA.
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