Do you remember when employers with 50 or more employees were either going to offer affordable, minimal essential coverage or pay stiff penalties? Well, that provision has been delayed until 2015.
"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 Treasury Department's website.
"Obamacare costs too much and it isn’t working the way the administration promised,” Sen. Mitch McConnell, the Senate Minority Leader, wrote in response to the decision, adding: “The fact remains that Obamacare needs to be repealed and replaced with common-sense reforms that actually lower costs for Americans."
Any way you slice it, it's good news for larger organizations that are trying to implement the provisions of the law without getting themselves into a lot of hot water in the meantime. This definitely gives them a bit of breathing room.
