Healthcare Law Deadline Extended

What does this mean for my business?

On Tuesday, July 2nd, the Obama administration announced a one-year delay for the healthcare mandate that requires companies with 50 or more employees to provide health insurance coverage to all full-time employees or pay penalties. The “pay or play mandate,” as it is commonly called, has been the center of much debate and confusion since the PPACA (Patient Protection and Affordable Care Act) was originally passed in March of 2010. This deadline delay is one of the many changes that have been introduced since the original bill was passed—with several revisions and “clarifications” expected in the future, as several members of Congress stand steadfast in their attempts to repeal the law in the next election cycle.

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