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Tue Jul 2, 2013, 06:06 PM

HUGE: White House Delaying Key Obamacare Provision For A Year [View all]

Source: Business Insider

The White House will delay until 2015 the enforcement of a requirement for businesses to provide workers health insurance under the Affordable Care Act, the Treasury Department said today.

More detail is set to come later in the week.

The mandate would require most businesses with 50 or more full-time employees to provide health insurance meeting certain minimum criteria or pay a penalty of $2,000 per worker.

The purpose of the employer mandate is to discourage employers from dropping coverage and leaving employees to buy subsidized insurance in the Obamacare exchanges at greater taxpayer expense.

In the absence of a mandate next year, Treasury says it will "strongly encourage employers to maintain or expand health coverage."




Read more: http://www.businessinsider.com/obamacare-employer-mandate-delayed-year-2013-7

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