Affordable Care Act Penalties Delayed
Wednesday, July 3, 2013
Posted by: Craig Regelbrugge, ANLA
WASHINGTON, D.C. - The Obama Administration made a major announcement regarding the imposition of penalties on "large employers” that do not provide health care to their employees in 2014 or do not provide adequate coverage – the penalties will not be imposed until 2015. (Large employers have more than 50 full time or full-time-equivalent employees.)
While the official regulatory documents are not yet published, the Department of Treasury has posted the announcement on their website, so large employers can plan accordingly. The announcement can be viewed at: http://www.treasury.gov/connect/blog/Pages/Continuing-to-Implement-the-ACA-in-a-Careful-Thoughtful-Manner-.aspx .
Not said in this announcement is whether or how the individual mandate and associated penalties will be affected. Experts believe that the Administration will ultimately be left with little choice but to delay those too. However, that has not happened yet.
In the political arena, the announcement is being met with claims that it is the latest proof that the law is flawed. And, some are calling the decision politically convenient, since it will delay the financial pain and tumult associated with the employer mandate until after the 2014 midterm election.
Click here for a more detailed analysis by the New York Times...