President Obama signed into law on Thursday H.R. 1624, also known as the Protecting Affordable Coverage for Employees Act (PACE Act), which was co-sponsored by State Rep. Randy Hultgren (R-Dist. 14).
The bipartisan fix is designed to offer flexibility for states and mid-market employers by changing the definition of "small group" with regard to employee numbers.
Under the PACE Act, "small group" is defined as 50 employees or less, keeping businesses with 51-100 employees out of the small-group market, as was set to happen in 2016 under the original statute, triggering a series of new coverage requirements and administrative regulations for mid-market companies.
“The PACE Act is the latest in ACA fixes the House has proposed that this administration has acted on,” Hultgren said. “We need to continue to give states the flexibility to do what’s best for the people who live there and offer employers more certainty and better tools to most effectively run their businesses. This is a win for the state of Illinois, for small- and mid-market companies in the 14th Congressional District and the thousands of people they employ.”
Hultgren was born and raised in Illinois and has spent more than 15 years serving Illinois and its citizens at multiple levels of government, Hultgren's 14th Congressional District covers McHenry, Lake, Kendall, Kane, DuPage, DeKalb and Will Counties.
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