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H.R. 30, Save American Workers Act of 2015 1 (January 7, 2015)

handle is hein.congrec/cbo2031 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE January 7, 2015 H.R. 30 Save American Workers Act of 2015 As introduced in the House ofRepresentatives on January 6, 2015 SUMMARY H.R. 30 would change how penalties are imposed under the Affordable Care Act (ACA) on employers that do not offer insurance (or offer insurance that does not meet certain criteria) and that have at least one full-time employee receiving a subsidy through a health insurance exchange. The legislation would raise the threshold that defines full-time employment from 30 hours per week under current law to 40 hours per week, and it would apply that higher threshold in two ways in the calculation of penalties. As a result, H.R. 30 would reduce the number of employers that are assessed penalties and lower the penalties assessed against some employers, which would decrease the amount of penalties collected. Because of the changes in who would pay penalties and the amounts they would pay, CBO and the staff of the Joint Committee on Taxation (JCT) estimate that enacting H.R. 30 would also change the sources of health insurance coverage for some people, and those changes would have further budgetary effects. Specifically, in years after 2015, CBO and JCT estimate that the legislation would: * Reduce the number of people receiving employment-based coverage-by about 1 million people; * Increase the number of people obtaining coverage through Medicaid, the Children's Health Insurance Program (CHIP), or health insurance exchanges-by between 500,000 and 1 million people; and * Increase the number of uninsured-by less than 500,000 people. 1. The Affordable Care Act comprises the Patient Protection and Affordable Care Act (Public Law 111-148), the health care provisions of the Health Care and Education Reconciliation Act of 2010 (P.L. 111-152), and the effects of subsequent judicial decisions, statutory changes, and administrative actions.

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