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Obamacare 101: What You Need to Know,
And What You Don’t Need to Worry About
The Affordable Care Act, or Obamacare, is one of the most sweeping changes in decades to both the American healthcare system and the compensation strategies of American companies.
Enacted through thousands of pages of legislation and regulations, hotly debated in Congress and the courts, and carrying the threat of stiff penalties, it’s hardly surprising that the ACA confuses and worries business owners and their professional advisers.
For most companies Obamacare is not the financial disaster or managerial headache that its critics have claimed, says Robert S. Sheen, our January 16th speaker.
But the founder and president of First Capitol Consulting, Inc., says there are risks and pitfalls that can be easy to overlook – such as how ACA regulations can impact an M&A transaction.
First Capitol provides companies with advice on tax incentives, tax credits and other complex tax and regulatory matters. Founded in 1999, within five years it was the largest firm of its kind in California, representing over 3,000 Fortune 100 to middle-market companies.
Since the passage of the Affordable Care Act in 2010, First Capitol has assisted companies with ACA compliance while minimizing healthcare costs for both employers and employees.
Robert is also Editor-in-Chief of The ACA Times, an online news site covering the Affordable Care Act.
He is a graduate of the University of Southern California, in Business Administration with an emphasis in International Finance. He earned his Juris Doctor from Loyola Law School, Los Angeles, concentrating in Tax Law.
He began his career at the public accounting firm KPMG, then joined BDO USA. He is Founder and Vice Chairman of the Board US Metro Bank; a trustee of the USC Pacific Asia Museum; a member of the national advisory board of Asian Americans Advancing Justice, a former board member of Rock The Vote, and a former president of the Korean American Bar Association.