A Treasury Department official who
declined to be named confirmed on Tuesday, July 2nd, that the Obama
administration will not begin enforcing employer mandates in the
Obamacare law until 2015 - one year later than originally planned - and
pinned that change of direction on a combination of politics and
economic realities in the marketplace.
Mark Mazur, the Assistant Treasury Secretary
for Tax Policy, announced on the agency's blog that the administration
'will provide an additional year before the ... mandatory employer and
insurer reporting requirements begin.'
The blog post explained that the delay was intended to leave time to simplify reporting requirements and give companies time to adapt.
But
the Treasury source said the extra year will give the White House an
extra year to persuade health insurers to participate in the exchanges
that make up the backbone of the Affordable Care Act.
The
revised timetable, the source added, will also push back the final
implementation of Obamacare's penalties past the 2014 midterm elections,
providing Republicans fewer chances to highlight the law's potentially
harmful effects on businesses' bottom lines.
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