Breaking News on Healthcare Reform: Employer Mandate for Groups over 50 Delayed Until 2015

Breaking News on Healthcare Reform: Employer Mandate for Groups over 50 Delayed Until 2015

This article from CNN was one of the first to break the news on the delay of the employer mandate provision of Healthcare Reform.

“…employers need more time and clarification of the rules of the road before implementing the employer mandate.”

–Randy Johnson, a vice president at the U.S. Chamber of Commerce

Key Obamacare Provision Delayed

Updated at 11:00 p.m. ET on Tuesday, July 2

Washington (CNN) – The requirement that businesses provide their workers with health insurance or face fines – a key provision contained in President Barack Obama’s sweeping health care law – will be delayed by one year, the Treasury Department said Tuesday.

The postponement came after business owners expressed concerns about the complexity of the law’s reporting requirements, the agency said in its announcement. Under the Affordable Care Act, businesses employing 50 or more full-time workers that don’t provide them health insurance will be penalized.

“We recognize that the vast majority of businesses that will need to do this reporting already provide health insurance to their workers, and we want to make sure it is easy for others to do so. We have listened to your feedback. And we are taking action,” Mark J. Mazur, assistant secretary for tax policy, wrote in a post on the website of the Treasury Department, which is tasked with implementing the employer mandate.

Read the full article at CNN

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