Wednesday, July 3, 2013

Deviously Brilliant: Obama Administration Delays Health Care Law Employer Penalty Until After Mid-Term Elections. BUT Individuals MUST Still Comply

07/03/2013

The so-called employer mandate, which penalizes employers with more than 50 employees if they fail to provide a minimum standard of affordable health insurance, was set to kick in in 2014, but now will take effect in 2015, the Treasury Department announced in a blog post first reported by Bloomberg News. The delay not only allows the Administration time to alleviate concerns among business owners, but also takes a controversial component of the law off the table before the midterm elections.

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Individuals STILL REQUIRED TO COMPLY...

via Drudge


Looks like someone finally read the bill.

The Obama administration is postponing the ‘employer mandate’ – which would levy financial penalties on businesses with more than 50 employees that fail to provide health insurance that meet the minimum standards and “affordability” — until 2015. The move delays implementation of at least one component of the unpopular law until after the next mid-term elections. A coincidence, no doubt.

Individuals? You’re still on the hook.


READ: Treasury Department statement

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