The Future Of Pay-Or-Play Laws

Law360, New York (August 10, 2006, 12:00 AM EDT) -- On January 12, 2006, the Maryland legislature enacted, over the Governor’s veto, the Fair Share Health Care Fund Act (the "Maryland fair share law"), which requires businesses with 10,000 or more employees to spend 8% (6% in the case of nonprofit organizations) of their payrolls on employee health care benefits.

If an employer’s spending falls short of the mandated amount, the difference must be paid to a state fund set up for the purpose of defraying state health care costs for the uninsured. There is a...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.