Under Obamacare, businesses that employ more than 50 people will have to provide them health insurance, causing many companies to curtail their hiring. That requirement, though, slated to go into effect in 2014, is being delayed until 2015. Small business insurance marketplaces are also being delayed. This will keep what will probably be an unpopular policy from being an issue in the midterm elections.
The Obama administration will not penalize businesses that do not provide health insurance in 2014, the Treasury Department announced Tuesday.
Instead, it will delay enforcement of a major Affordable Care Act requirement that all employers with more than 50 employees provide coverage to their workers until 2015.