As human resources departments across the country digest the implications of the landmark healthcare reform laws passed by Congress in March, accounting departments, too, are gearing up to assure that corporate financial statements accurately reflect the massive changes hurtling toward Corporate America.
Kitchen
The list of compliance requirements (and the penalties for non-compliance) is long, certainly. At their essence, however, the two laws Congress approved in March—the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act—require companies to assure that their employees have access to some minimum amount of health insurance. That leaves HR departments ...