Will the Affordable Care Act threaten section 530 relief for independent contractors?
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The 2010 Patient Protection and Affordable Care Act (ACA) makes significant changes to this country's healthcare system. One feature of the ACA is to set up regulated insurance "exchanges" to create marketplaces where individuals and small businesses may purchase health coverage. Another mechanism created as part of the ACA efforts to expand individual coverage is an excise tax on large employers that fail to offer health coverage to their full-time employees.