Companies and their boards are moving ahead in an effort to analyze the complexities in healthcare legislation while waiting for the regulations to be issued. Healthcare reform legislation will not only have compliance, accounting, and tax implications but will also impact the costs of healthcare benefits and other workforce management issues.
Executives who want to be ahead of the curve are not waiting for the final regulatory guidance. Debate will continue but however these rules develop, healthcare costs and benefits changes, will be in transition for years to come. The new environment—compounded by a greater demand for transparency, reporting, and accountability; increased regulatory enforcement; and cost pressures—will demand structured transition plans that begin now.