A proposed Republican "fix" to Obamacare would cut the amount of penalties collected from employers, reduce the number of people covered by workplace coverage by about 1 million and increase the national deficit by nearly $75 billion.

Those numbers are all contained in yet another report from the nonpartisan Congressional Budget Office in response to a request from the House Ways and Means Committee for an analysis of the proposed legislation.

The Save American Workers Act of 2013, or H.R. 2575, would redefine full-time employment under the Patient Protection and Affordable Care Act from 30 hours per week to 40 hours per week.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.