The U.S. Treasury Department announced today that the Affordable Care Act’s requirement that businesses with more than 50 full-time workers provide their employees with health insurance will not take effect until 2015. When the Affordable Care Act was first signed into law, this mandate was set to take effect in 2014.
In explaining this delay, the Treasury Department cited concerns in how businesses can efficiently report their compliance with this requirement to avoid tax penalties. The Treasury also noted that this delay will not affect any other parts of the Act.