Michelle Capezza Quoted in “3 Employer Takeaways from the ACA Repeal Proposal”Law360 March 7, 2017
Michelle Capezza, a Member of the Firm in the Employee Benefits and Health Care and Life Sciences practices, in the firm’s New York office, was quoted in Law360, in “3 Employer Takeaways from the ACA Repeal Proposal,” by Vin Gurrieri. (Read the full version – subscription required.)
Following is an excerpt:
Michelle Capezza of Epstein Becker & Green PC said the proposed legislation could theoretically give some employers an impetus to stop offering costly insurance plans and use those savings to increase employees' wages, which they can then use in conjunction with the tax credits to buy their own insurance.
“Over the last 100 years, we've had a system of employer-provided health coverage — and we're moving away from that,” Capezza said. “Without the employer mandate, many [businesses] will look and say, 'People will get a tax credit and be insured.'“
But Capezza did offer one caveat, saying that “sometimes, when employers take away benefits, there is no significant wage increase.”