LenderHub

President Trump has been working to possibly repeal and replace The Affordable Care Act (ACA) also known as Obama Care since he was sworn into office in January 2017. His goal to repeal and replace The ACA that insures more than 20 million citizens continues to be top of mind for the Trump administration. But, what does this mean to business owners and when will it happen?

Here are the top 4 things businesses need to know.

It's no secret that since the passage of the Affordable Care Act (ACA), the landscape of health care benefits has dramatically shifted over the last few years. Dozens of ACA provisions are already in full swing, but there are more on the horizon. Namely, the much buzzed about “Cadillac Tax” scheduled to take effect on January 1, 2018.

It's no secret that the state of the American workforce's health is an expensive burden to bear—expensive for the health care system as a whole and for businesses that now have health care reform obligations to meet.The fact is, unhealthy employees cost more—both because of their actual medical expenses and due to their lost productivity.

Implementing and supporting a corporate wellness program is one way that many businesses are trying to build a culture of health and fitness for the greater good of their employees and their bottom line. And, their employees appreciate the investment. According to the 2013 Aflac Workforces Report, employees enrolled in wellness programs at the place of their employment are more satisfied with their jobs.