The Department of Treasury has decided to delay much-contested employer provisions of the Affordable Care Act until Jan. 1, 2015, giving businesses more time to adjust to the requirements without incurring penalties. As a result of the delay, businesses with greater than 50 employees will have one more year before the coverage mandate kicks in, by which time the administration intends to streamline reporting requirements. Reactions, which were plentiful, ranged from gratitude to criticism.
The National Retail Federation issued a statement from VP and employee benefits policy counsel Neil Trautwein applauding the administration's decision.
"We commend the Administration's wise move to delay the employer reporting and penalty obligations under the Affordable Care Act," said Trautwein. "This one year delay will provide employers and businesses more time to update their health care coverage without arbitrary punishment."
Meanwhile, the Nationa