Growing Costs of ACA Place Burden on Small Entities
The Affordable Care Act (ACA) may create about 129 million hours of paperwork, according to government estimates compiled by Sam Batkins, director of regulatory policy at the American Action Forum. This will cost almost $32.3 billion.
To put the paperwork hours in context, it would take more than 64,000 employees working 2,000 hours annually to complete the new paperwork requirements, Batkins said. The ACA is responsible for roughly a dozen rules that regulators admit will impose “a significant economic impact on a substantial number of small entities.”