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Employers Warn of Health Coverage Risk Posed by 'Affordability' Change Included in Build Back Better Act
Bloomberg Law Link to more items from this source
Nov. 24, 2021

"The [Build Back Better Act (HR 5376)] ... includes a provision that would lower the share of premiums employees have to pay for coverage deemed affordable and adequate under the [ACA] to 8.5% of household income for 2022-25.... [T]he affordability threshold for 2022, as set by the [IRS], is 9.61% of income -- down from 9.83% in 2021 -- for a policy that covers only the employee.... CBO estimates the bill's changes would result in a decrease of 2.8 million in employer-based coverage enrollment from 2022-31."

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