Responding to business concerns, the Obama administration announced Tuesday that it would delay until 2015 the new health care law’s mandate that employers provide workers with health insurance.
New reporting requirements of the Affordable Care Act will also be delayed a year. Questions about the new employer mandate and reporting requirements have been a concern for businesses across the nation, including in and around Oak Ridge.
“We have heard concerns about the complexity of the requirements and the need for more time to implement them effectively,” said Mark J. Mazur, assistant secretary for tax policy. Mazur made the announcement on the U.S. Treasury Department’s website. [Read more…]