On Wednesday evening, President Obama signed into law H.R. 1624, more commonly known as The PACE Act. This new legislation amends the Affordable Care Act and allows individual states to determine how they define small-group markets. Now, it will be up to state legislators to govern whether they will retain their definition of a small employer as 50 employees or fewer, or expand it to 100 employees or fewer. The PACE Act prevents states from being bound to the national standard and will, in most cases, prevent disruption in the employer health insurance market. We will now keep a close eye on the states as they implement this new law.
