The Obama administration will not penalize businesses that do not provide health insurance in 2014, the Treasury Department announced Tuesday, as reported by The Washington Post.
Instead, it will delay enforcement of a major Affordable Care Act requirement that all employers with more than 50 employees provide coverage to their workers until 2015, the newspaper said.
The administration said it would postpone the provision after hearing significant concerns from employers about the challenges of implementing it, according to The Washington Post.
The Affordable Care Act requires all employers with more than 50 full-time workers provide health insurance or pay steep fines. That policy had raised concerns about companies downsizing their workforce or cutting workers’ hours in order to dodge the new mandate, The Washington Post reported.
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