The IRS’ proposed minimum value regs require hospital coverage

First, the Department of Health and Human Services created a minimum value calculator that omitted inpatient hospitalization services. Oops. Then, the IRS issued guidance that concluded that in order to provide minimum value, group health plans must cover substantial inpatient hospitalization and physician services, or both. Proposed regulations were promised, which the IRS has now released. The regs also provide a detailed effective date.