Google is reportedly considering a new business plan for the Internet search giant after companies such as Yelp and Airbnb have agreed to sign on to the Health Care Reform Act.
Sources tell Business Insider that Google’s CEO Sundar Pichai and the CEO of the company’s consumer products division are expected to meet with executives at the healthcare industry to discuss the future of their business.
The new plan would allow companies to opt out of the ACA if they want to do so, but the exact scope of the opt-out would be determined by the companies, which would be given an option to opt in to the law by signing on to a new insurance plan or joining a government exchange.
The companies would then be required to offer a “fair and affordable” insurance plan to their employees and their guests.
If the companies opt out, they would be required, again, to offer affordable insurance plans to their workers and guests.
The changes could be announced as early as this week.
The tech industry is currently grappling with the aftermath of the healthcare law’s implementation, and some of the companies that have already signed on to comply with the law have faced significant backlash from consumers and healthcare providers.
Uber and Lyft have also been accused of being complicit in the repeal of the Affordable Care Act.
Google has long been a major player in the internet search market, and its parent company Alphabet is one of the largest internet companies in the world.
In the years since the ACA’s passage, the company has become a major force in the digital economy, serving as the company that brought the internet to people across the globe.
However, the health reform law has put the company in a position of having to grapple with the fallout from the law.
The health care law has been called the “death spiral” for the tech sector, and Google has come under criticism for its inaction to help those affected by the legislation.
The company has faced criticism for not doing more to help its employees and for allowing health care companies to set their own policies, which critics say is a violation of the law’s consumer protections.
However a new report by the consulting firm Avalere Health says Google could face significant costs if it chooses to opt-in to the ACA.
The Avalere report finds that if Google does opt-ins, it could cost it $11.3 billion in health care expenses.