The Obama administration announced Monday it is giving small businesses an extra year to comply with an Obamacare rule requiring that they provide their workers with health coverage or pay a fine.
Under the so-called employer mandate, all businesses with more than 50 workers provide health-care coverage or pay fines of $2,000 per employee. The rule was initially supposed to go into effect in 2014, but last year, the administration pushed back its enforcement by a year. Now, companies with 50 to 100 full-time employees don’t have to comply until 2016. Businesses with fewer than 50 workers are still exempt, while businesses with 100 or more employees must still comply starting in 2015.
Under the so-called employer mandate, all businesses with more than 50 workers provide health-care coverage or pay fines of $2,000 per employee. The rule was initially supposed to go into effect in 2014, but last year, the administration pushed back its enforcement by a year. Now, companies with 50 to 100 full-time employees don’t have to comply until 2016. Businesses with fewer than 50 workers are still exempt, while businesses with 100 or more employees must still comply starting in 2015.
You know it's bad when they can't even run on implementing it.
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