Health Care Mandate Delayed for One Year
Jul 3, 2013 3:50:18 GMT -5
Post by popcorn on Jul 3, 2013 3:50:18 GMT -5
Obama Administration Delays Employer Health-Care Mandate for One Year 
Implementation of the employer health-care mandate, one of the most vaunted provisions in President Obama’s health care law, will be put off for a full year, the administration said today.
In passing the Affordable Care Act, Democrats included — and promoted — the requirement that companies with 50 or more employees will have to provide health coverage to their employees, or face fines. That was supposed to begin in 2014, but the U.S. Treasury announced today that the requirement won’t be implemented until 2015.
Assistant Treasury Secretary for Tax Policy Mark Mazur wrote today on the Treasury’s website:
The Administration is announcing that it will provide an additional year before the ACA mandatory employer and insurer reporting requirements begin. This is designed to meet two goals. First, it will allow us to consider ways to simplify the new reporting requirements consistent with the law. Second, it will provide time to adapt health coverage and reporting systems while employers are moving toward making health coverage affordable and accessible for their employees. Within the next week, we will publish formal guidance describing this transition. Just like the Administration’s effort to turn the initial 21-page application for health insurance into a three-page application, we are working hard to adapt and to be flexible about reporting requirements as we implement the law.
read more:
abcnews.go.com/blogs/politics/2013/07/obama-administration-delays-employer-health-care-mandate-for-one-year/
Implementation of the employer health-care mandate, one of the most vaunted provisions in President Obama’s health care law, will be put off for a full year, the administration said today.
In passing the Affordable Care Act, Democrats included — and promoted — the requirement that companies with 50 or more employees will have to provide health coverage to their employees, or face fines. That was supposed to begin in 2014, but the U.S. Treasury announced today that the requirement won’t be implemented until 2015.
Assistant Treasury Secretary for Tax Policy Mark Mazur wrote today on the Treasury’s website:
The Administration is announcing that it will provide an additional year before the ACA mandatory employer and insurer reporting requirements begin. This is designed to meet two goals. First, it will allow us to consider ways to simplify the new reporting requirements consistent with the law. Second, it will provide time to adapt health coverage and reporting systems while employers are moving toward making health coverage affordable and accessible for their employees. Within the next week, we will publish formal guidance describing this transition. Just like the Administration’s effort to turn the initial 21-page application for health insurance into a three-page application, we are working hard to adapt and to be flexible about reporting requirements as we implement the law.
read more:
abcnews.go.com/blogs/politics/2013/07/obama-administration-delays-employer-health-care-mandate-for-one-year/