The Obama Administration announced on July 2 that the employer mandate provision of the Affordable Care Act (ACA), which requires businesses to provide their workers with health insurance, will be delayed by a year.
In making their announcement, White House Senior Policy Advisor to the President Valarie Jarrett noted that the Administration has been listening to businesses and heard their concerns about being able to comply with the reporting requirements of the ACA. Therefore, the Administration has decided to delay for one year, until Jan. 1, 2015, the implementation of these reporting requirements.
The American Rental Association (ARA) has worked with partners in the business community to seek relief from many of the provisions of the ACA that will be difficult for ARA members to fully comply with in 2014. The insurance information requirements contained in the employer mandate of the ACA for businesses with more than 50 employees is one such provision.
“This is a collective victory for the business community, which has continued to work to make implementation of the ACA more reasonable for businesses throughout the country,” says John McClelland, ARA's vice president for government affairs.
“Passing a law through Congress and having it signed by the President is usually just a small part of the work involved in making legislation a reality. Our job is to work with the Administration to make sure that implementation is done in an efficient and practical way regardless of how we feel about the law. The fact is, the ACA is the law of the land and until that changes, one of ARA’s top priorities will be working for an implementation plan that is less costly for our members. The Administration’s announcement on suspending provisions of the employer mandate is the result of that work by the business community.”
Click here to read the complete statement from Jarrett regarding this decision.
Click here for further explanation of the change from Washington Council Ernst & Young.