(NEWSER) – ObamaCare is still going into effect in 2014, but one key component of it is being temporarily shelved. The White House today postponed by one year a rule requiring employers to either provide coverage to employees or face hefty fines, reports the Wall Street Journal. The rule will take effect in 2015, instead of 2014. "We have heard concerns about the complexity of the requirements and the need for more time to implement them effectively," writes Treasury official Mark Mazur in ablog post. The Journal explains that while most employers already provide such coverage, restaurants and retail companies in particular—both of which rely on low-wage workers—were resisting. The rule affects businesses with more than 50 workers.
Posted July 3rd, 2013 @ 7:59am by John Johnson, Newser Staff