Question

The Affordable Care Act (ACA) requires large employers to provide a minimum level of health insurance coverage to employees or face significant tax penalties. According to the ACA, a large employer is a company who, at any point during the year, employs at least:

Answer 1

Under the Affordable Care Act, a large employer is one with at least 50 full-time or equivalent employees. Such employers must offer health insurance or incur tax penalties. The individual mandate was upheld by the Supreme Court as a tax.

Step-by-step explanation:

According to the Affordable Care Act (ACA), a large employer is defined as a company that employs at least 50 full-time employees or an equivalent combination of full-time and part-time employees. These large employers are required to provide health insurance to their employees or face tax penalties. The ACA's employer mandate is aimed at expanding access to health insurance and is funded through various taxes, including increased Medicare taxes for high-income taxpayers, fees on health insurance providers, and taxes on certain medical devices. Despite political opposition and challenges to its constitutionality, the Supreme Court upheld the individual mandate as a valid exercise of Congress's taxing power.