Although you may not be a lawyer, you probably heard that The Patient Protection and Affordable Health Care Act of 2010, as amended by the Health Care and Education Reconciliation Act of 2010 (collectively referred to as “PPACA”), was recently reviewed by the United States Supreme Court and, for the most part, upheld by a vote of 5-4. In its opinion, the Supreme Court found that PPACA’s individual mandate was a legal tax within Congress’ constitutional taxing authority, but that the penalty associated with the mandatory expansion of Medicaid was unconstitutional. With the recent ruling, focus is now shifting to how PPACA will be implemented and carried out over the years to come, as the provisions of PPACA are to be gradually phased in until 2019. What does this mean for you and your business? Here is a brief summary of the Supreme Court’s recent decision, as well as what we believe to be the most important provisions of PPACA with the greatest impact to our clients, including employers, group health plans, providers, insurers, and taxpayers. If you would like more information on how the PPCA affects you and your business with Burr & Forman’s Business Planning and Succession team members, feel free to give us a call.