The Obama administration is delaying for one year the employer mandate requiring companies to offer their employees health insurance.
Assistant Treasury Secretary for Tax Policy Mark Mazur posted a blog late Tuesday confirming that the 2014 mandate on employers with more than 51 full-time workers to offer qualifying health insurance coverage to their employees or face a penalty was being delayed until 2015.
The delay was meant to give time to simplify reporting requirements and to adapt health coverage and reporting systems, he wrote. It means that one of the key provisions of the Patient Protection and Affordable Care Act, which is unpopular among many business groups, will not take effect until after the 2014 congressional elections.
Bloomberg News reports that the White House plans to invite employer groups to discuss ways of easing administrative burdens created by the mandate. Click here to read the full article by
