Major “ObamaCare” Business Requirement Delayed To 2015
It's no big secret that universal healthcare is a hot-button issue in America. Today, the Obama administration delayed a major requirement of the healthcare law until 2015.
The requirement that medium and large companies provide coverage or face fines has now been delayed for a year. The new law said that companies with 50 or more employees had to provide affordable coverage to full-time people; if any workers wound up in government-subsidized insurance, they faced "fines" in the form of tax penalties.
While people have theories and are speculating about ulterior political motives, this change is being positioned as an olive branch to groups like the U.S. Chamber Of Commerce, who expressed concerns about the requirement's effect on small business.
That is the only portion of the law that will be delayed; the creation of "health care exchanges" in every state will still begin later this year.