For Immediate Release
Washington, DC – The ERISA Industry Committee (ERIC) joined a number of employer trade associations to call upon the U.S. Department of the Treasury, the Department of Health and Human Services, and the Internal Revenue Service to end the illegal enforcement of the Affordable Care Act’s employer mandate.
In their letter, the groups expressed deep concern regarding the process by which the Administration has begun assessing tax penalties under the employer mandate. The groups –citing the ongoing cost, complexity, and confusion surrounding compliance with the recordkeeping and reporting requirements of the employer mandate, and the denial of employers’ due process rights by failing to satisfy the mandated notice and appeals requirements under the Affordable Care Act –urged regulators to suspend all employer mandate tax assessments and for the Administration to support full repeal of the employer mandate.
“The ERISA Industry Committee has been leading the charge against the unnecessary and burdensome reporting requirements of the Affordable Care Act since its implementation. If the Administration can’t follow the law in enforcing the Affordable Care Act, enforcement must be suspended immediately,” said James Gelfand, Senior Vice President of Health Policy, ERIC. “ERIC will continue to work with employer groups, regulators, and the Administration on fully repealing the employer mandate.”
Click here to read the comment letter.