Obamacare Large Employer Mandate Delayedby Denise Early on Jul. 05, 2013, under Health
Obamacare requires companies with over 50 employees to provide health insurance to their workers starting in 2014. Any employee working more than 30 hours per week must be offered health insurance, and companies are required to report the details of their health insurance to the government.
As of this week, numerous rules and details had not been provided by the government, creating confusion and questions for many businesses. And some businesses said they would do whatever they could to avoid providing health insurance to their workers.
This week, the Obama administration announced the health insurance mandate and reporting requirements would be delayed for one year.
Business groups are delighted by the delay (and had been lobbying for it), while opponents of Obamacare are using it as another excuse to attack the entire program.
According to an article in the New York Times, 96 % of employers with more than 50 workers already provide health insurance. Those companies will not be required to report on their coverage policies until 2015. From the NYT article:
Business groups on Wednesday continued to praise the administration for the postponement, which mainly provided regulatory relief to businesses that already insure their employees. With the threat of penalties also delayed, larger businesses that do not cover their workers will be under no pressure to do so before 2015.
I must admit that I don’t understand the details of the mandates for large employers, or the options for small businesses. I am focused on health insurance for individuals – and that is easier to understand than business tax credits.
From what I’ve read, Obamacare will take several years to get health insurance coverage for the 30 – 40 million people who are currently uninsured. That’s the good news. The bad news is that the battle against getting health insurance coverage for all Americans will go on and on and on. I’m already sick and tired of the fight.