Obama Puts the Brakes on Obamacare

Late yesterday the Department of Treasury announced that the Obama administration will provide employers that are covered by the Affordable Care Act an additional year before they are required to provide health care coverage to “full time employees” or pay a penalty.  Currently, the ACA defines full time employees as those employees who work an average of 30 hours or more per week.  This 1 year extension means employers now have until January 1, 2015 before they will have to “pay or play” under the ACA.

The extension is based on the complexity of the requirements and the need for more time to implement them effectively.  It will be interesting to see whether any other changes to the ACA, such as a change in the definition of full time employees, occurs before January 1, 2015.  Stay tuned for further updates!

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8 thoughts on “Obama Puts the Brakes on Obamacare

  1. It also pushes it past the 2014 elections. This seems to be a pattern.

  2. Brian says:

    But, it did nothing with regard to the individual mandate – much of which would / could have been solved through the employer mandate. It will be interesting to see if any action is taken on the individual mandate.

  3. vudragovich says:

    Since my focus is mainly on individual policies (I do not do group), have your heard/read anything yet on how the SHOP not being in place will affect individuals who apply for a subsidy? If the Metallic plans, employer sponsored, are not offered, but other coverage is, will individuals be able to qualify for the subsidy (up to 400% FPL obviously)?
    Thanks for posting.

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