It’s here. Covering your ears and wishing it away hasn’t worked – the health care exchanges are slated to be open starting this October 1st, 2013. The Affordable Care Act (ACA)(aka Obamacare) is going to start in 2014 having a wide impact on businesses — and businesses need to be thinking now about how they are going to deal with the new administrative and tax/penalty burdens. NOTE: these penalties discussed apply not only to businesses but also broadly to all employers – including government entities (federal, state, local or Indian Tribal government) as well as nonprofit organizations (even those exempt from federal income taxes).
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