WASHINGTON, Feb. 10 (UPI) -- The Obama administration announced Monday it would give employers an additional year to comply with a mandate requiring affordable insurance be provided to full-time employees.
Businesses with fewer than 100 workers will no longer face fines in 2015 for not providing health care to their employees, pushing back a controversial part of the Affordable Care Act's mandate that was originally meant to go into effect on January 1 of this year.
Those companies with fewer than 50 workers have always been exempt from the employer mandate.
The Treasury Department also said it would allow larger businesses, most of which already provide health insurance to full-time employees, will only need to have 70 percent covered by next year, and 95 percent covered by 2016.
The move was meant "to ease the transition to a 30-hour week,” a senior Treasury official said.
[Politico]
