Introduction of key healthcare provision delayed

HealthAccording to the Obama administration, the main provision of the Affordable Care Act (ACA) will take effect one year later than planned. Employers now have until 2015 to extend healthcare benefits to their employees. The move has been seen as a major concession to retailers and other businesses, but it puts off the law's aim of giving coverage to nearly 50 million Americans without health insurance. It also raises questions over whether other elements of the bill will be implemented on schedule.

 

The delay to the introduction of the employers' mandate does not affect another part of the healthcare law that requires all individuals to have their own insurance or pay a fine. That provision had faced a legal challenge that eventually came before the Supreme Court last year. The justices ruled that the so-called individual mandate was constitutional.

 

Click here for a statement by Mark J. Mazur is the Assistant Secretary for Tax Policy at the U.S. Department of the Treasury.

 

Click here for more information via the Chicago Tribune

 

Click here for more information via REUTERS