House GOP leaders this morning released a “discussion draft” of legislation designed to repeal and replace the Affordable Care Act that includes a “pay-for” provision that would scale back the employer exclusion from taxation for benefits from 100 percent to 90 percent.
Today, the White House issued two releases of import to the financial services community: a memorandum to the Department of Labor directing it to re-examine the fiduciary rule, and an executive order on financial services regulation. Both actions are discussed in more detail below.
President Trump issued an Executive Order directing the agencies to waive, defer, grant exemptions from or delay the implementation of any provision or requirement of the ACA.
The New York Department of Financial Services (NYDFS) published a revised version of its proposed cyber rule late yesterday that purportedly responds to many of the criticisms that had been lodged against the initial proposed rule.
The Treasury Department recently issued regulatory items related to the Terrorism Risk Insurance Program (“TRIP” or “Program”)
According to widely circulating reports, next week the New York Department of Financial Services intends to issue a re-proposed rule for its proposed cyber regulation, “Cybersecurity Requirements for Financial Services Companies” (Proposed 23 NYCRR 500) and to allow a 30-day comment period on the re-proposed rule.
Today, Congress passed, in an overwhelming 94-5 vote, the 21st Century Cures Act, which contains a provision that dramatically alters the way certain small employer health reimbursement arrangements (HRAs) are treated under the Affordable Care Act.
On Friday, the IRS extended the due date for certain 2016 ACA information-reporting requirements for insurers, self-insuring employers and certain other providers of minimum essential coverage by issuing Notice 2016-70.
The Council’s breakdown of last night’s election results.
This week, The Council is hosting its annual Insurance Leadership Forum in the state of Colorado, and the topic of Amendment 69 on the Colorado ballot has been top of mind. If passed, this amendment would establish a single-payer health insurance system in the state, wiping out private healthcare and workers’ compensation policies.
