Is it possible that the Cadillac Tax will be a major health spending cost ‘deflator’?
Senate Bill 1446 may be signed by Governor Jerry Brown in October of 2014. As it currently stands, the bill would allow a small group employer policy that was in effect on October 1, 2013, or early renewed in December of 2013, to be renewed until January 1, 2015 through the plan year ending December 31, 2015.
This bill would apply to small employers with fewer than 50 full-time employees. It is likely that this bill will undergo a number of changes before the effective date. Unfortunately, if it is passed, it will have happened too late for a number of employers that will already have renewed earlier in the 2014 year.
WATCH THIS BILL’S PROGRESS HERE
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