The Obama Administration put the brakes on one of the key provisions of the Affordable Care Act. On Tuesday, it announced that the “employer mandate” – the requirement that employers with 50 or more workers offer health insurance or pay a fine – will be delayed by one year. Companies will now have until 2015 to comply. This delays potential penalties for employers, who can be fined $2,000 to $3,000 per worker if they fail to provide affordable coverage.
Read about the impact this may have on American businesses at WebMD’s Health Reform 101 blog.