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The Affordable Care Act created an annual fee on certain health insurance providers beginning in 2014. On Nov. 26, 2013, the Treasury Department and IRS issued final regulations on this annual fee imposed on covered entities engaged in the business of providing health insurance for United States health risks.
For the first time in many years, the Affordable Care Act (ACA) curtails insurance companiesâ power and gives greater control back to doctors. Below are some of the Affordable Care Actâs key provisions that impact physicians. On page 3 youâll find a timeline of when these provisions take effect.