By Ben Kinsey, CPA
|Image courtesy Blue Diamond Gallery|
It’s been said that the only things in life that are guaranteed are death and taxes. Well, I’d like to add another codicil to that tenet called Healthcare Reform. I say this because ever since the so-called Affordable Care Act was signed into law back in 2010, it has been kicked around like the mother of all political footballs. Even as 2019 had barely begun, US District Court Judge Reed O’Conner declared the ACA unlawful. He ruled the mandate requiring the American public to buy health insurance was unconstitutional. Back in 2012, the Supreme Court ruled that the law fell under the Senate’s taxation powers, rendering it constitutional. As the football and the buck is being passed back and forth while the issue is being decided by the Fifth Circuit Court of Appeals. I thought I’d take the time to write about what’s in store for businesses in the coming year.