As you may have heard, the Obama administration announced yesterday that a key component of the Affordable Care Act -- a rule that penalizes some employers for not offering health coverage -- has been delayed until 2015.
You can read the Department of the Treasury's announcement here and the White House's announcement here.
Put simply: The law requires businesses with more than 50 full-time employees to offer a minimum level of coverage or face a penalty -- which means insurers and employers must report who is insured and at what level of coverage. Needless to say, that is a complex undertaking. The business community said they just weren't ready.
Timothy Jost at the Health Affairs blog has done a wonderful job breaking this down. He raises a number of great questions, which we hope the administration will answer soon. Stay tuned!
2 comments:
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