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NV: Obamacare depends on state participation

By   /   July 18, 2012  /   1 Comment

By Steven Miller | Nevada Journal

LAS VEGAS — Gov. Brian Sandoval’s eagerness to implement a health exchange in Nevada may well subject state employers to heavy federal penalties that employers in other states won’t face.

That’s one implication of a gaping loophole in the federal Patient Protection and Affordable Care Act — commonly referred to as Obamacare — now getting increasing attention in Congress and the U.S. business community.

So what is the large hole in the legislation? Individuals are eligible for a tax credit only if they buy their insurance through a state exchange, not a federal one.

Read the complete story at NevadaJournal.com

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