From Foxnews.com
The Obama administration announced Tuesday that it is delaying a major provision in the health care overhaul, putting off a requirement that many employers offer health insurance until 2015.
The announcement was made late Tuesday by the Treasury Department, at the beginning of the holiday week while Congress was on recess. It comes amid reports that the administration is running into roadblocks as it prepares to implement ObamaCare.
The change in the employer mandate is arguably the most significant concession the administration has made to date.
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.
The mandate was originally set to kick in for 2014, but will now start in 2015.
