ARLINGTON, Va., June 25, 2015 /PRNewswire-USNewswire/ -- The Retail Industry Leaders Association (RILA) issued the following statement in response to the Supreme Court of the United States' ruling today upholding subsidies provided through the Affordable Care Act (ACA).
"The Supreme Court took clear action today to uphold the critical safety net that Exchange tax credits provide for millions of American families. Congress must now take bipartisan action to make much-needed, and long-awaited, structural changes to the ACA. Since enactment of the ACA, RILA has urged members on both sides of the aisle to come together on legislative measures to provide regulatory relief for job creators and our employees. Now is the time for Congress to act on these important issues," said RILA President Sandy Kennedy.
For over four years, RILA has worked with Congress and federal agencies to ensure that retailers can continue to provide quality, affordable health coverage that is customized to meet the specific needs of their employees. Specifically, RILA has worked to raise awareness of challenges, compliance issues and ambiguities that impede employers' ability to comply with the expansive law.
RILA strongly supports legislative efforts to:
- Provide employers with regulatory relief under the reporting requirements
- Restore the 40 hour work-week standard
- Eliminate the erroneous transitional reinsurance fee on businesses
- Strengthen and improve access to employer wellness programs and consumer directed health products
- Remove the duplicative automatic enrollment requirement
- Rescind the problematic 40 percent excise tax on health plans
To learn more about each of these issues, visit RILA's Retail Checkout blog, here.
RILA is the trade association of the world's largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution center.
SOURCE Retail Industry Leaders Association