Effective January 1, 2020, and as a result of the passage of Senate Bill (“SB”) 78, California now has a statewide healthcare mandate that is similar to the federal Affordable Care Act (“ACA”). Like the federal ACA, California’s new mandate requires most California residents to purchase and maintain “minimum essential coverage” for healthcare. Also like… Read More
Posts Tagged With: healthcare
Q1 2014 “Halo Report” Shows California Leading in Total Angel Deals
Silicon Valley Bank, the Angel Resource Institute, and CB Insights just released their Q4 2014 “Halo Report.” The report generally confirms that angel investment is increasing, with the median round size ($980K) up 31% from Q4 2013 levels ($750K). Other notable findings include: — Internet, healthcare, mobile, and telecom deals constituted almost 72% of all… Read More
I.R.S. Bars Employers From Dumping Employees into Health Exchanges
The Affordable Care Act requires employers with 50 or more employees to provide health coverage for their employees or face stiff fines. To comply with the new law, many employers were canceling their group health plans, dumping their employees into the health exchange (which is Covered California in this state), then reimbursing those employees for… Read More
“Halo Report” Shows Increasing Angel Investment
Silicon Valley Bank, the Angel Resource Institute, and CB Insights just released their Q3 2013 “Halo Report.” This report generally confirms that angel investment is increasing, but the median round size ($520K) is down from the Q1 2013 peak ($700K). Other notable findings include: Healthcare deals enjoyed the largest increase in round size, increasing… Read More
U.S. Supreme Court Upholds Patient Protection and Affordable Care Act
The U.S. Supreme Court today upheld the Patient Protection and Affordable Care Act. By a vote of 5-4, the Court ruled that the part of the law that requires everyone to buy health insurance or pay a fine – the so-called “individual mandate” – is constitutional because it amounts to a tax, which Congress has… Read More
Governor Brown Signs SB 299 Requiring Employers to Continue Health Benefits for Employees on Pregnancy Disability Leave
On October 6, 2011, Governor Brown signed Senate Bill 299 (“SB 299”) which will require all California employers with more than 5 employees to continue group health insurance coverage for up to 4 months for employees on pregnancy disability leave (“PDL”). This represents a major change in California law. What is S.B. 299? Existing California… Read More
