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Tuesday, July 2, 2013

It's Like a Slow Motion Car Wreck

So, the little people will be required to buy health insurance under the PPACA (Obamacare), but the requirement for big employers has been pushed back a year:

Businesses won’t be penalized next year if they fail to provide workers health insurance after the Obama administration decided to delay a key requirement under its signature 2010 health-care law.

The government will postpone enforcement of the so-called employer mandate until 2015, the administration said today. Under the provision, companies with 50 or more workers face a fine of as much as $3,000 per employee if they don’t offer affordable insurance.

The move addresses complaints from employer groups to President Barack Obama’s administration about the burden of the law’s reporting requirements. The decision pushes the issue past the 2014 midterm congressional elections, as Republicans have sought to make the health law a symbol of government overreach.

“In our ongoing discussions with businesses we have heard that you need the time to get this right,” Valerie Jarrett, a senior adviser to Obama, said in a White House blog post announcing the decision. “We are listening.”

The move may lead some employers to delay providing coverage to workers. The law’s individual mandate remains in effect, a provision that requires most Americans to carry health insurance.
You knew that this was coming.

When big business talks, they, "Are listening."

When it's civil libertarians, , the poor and elderly, advocates for financial reform, the Democratic wing of the Democratic Party, etc., it's, "talk to the hand".



H/t to my Dad, who sent me a link to a (subscription only) WSJ article.

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