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The Obama administration finds out what’s in it: The White House today announced that it is delaying until 2015 the requirement in Obamacare that companies with more than 50 employees offer health insurance.
The law requires companies that employ 50 or more workers to offer coverage or face fines. The Treasury Department and the White House said that, based on complaints by employers that the system for reporting the coverage was too onerous, they would simplify that system and give employers an additional year to comply. “We have heard concerns about the complexity of the requirements and the need for more time to implement them effectively,” Mark J. Mazur, the assistant secretary for tax policy at the Treasury Department, said in a statement posted online. “We have listened to your feedback. And we are taking action.”
The mandate was originally set to kick in for 2014, but will now start in 2015. The decision effectively means that penalties that would have been assessed against non-compliant businesses will be delayed until 2015. The administration encouraged employers to provide insurance anyway.
In other words, they are finally discovering what everyone on the right has been saying for three years: Obamacare is an unworkable law that is also killing business and industry. Look for increasing numbers of Democrats willing to join with the Republicans to repeal is incredibly stupid law.