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A major provision of the Affordable Care Act will be put on hold for a year, according to the Treasury Department.
The requirement that businesses provide all their workers with health care will not be enforced until 2015; concerns were raised by business owners about the complexity of reporting that requirements had been met. Assistant secretary for tax policy Mark J. Mazur said the extra year will allow the government to simplify this process.
"We recognize that the vast majority of businesses that will need to do this reporting already provide health insurance to their workers, and we ant to make sure it is easy for others to do so," Mazur said. "We have listend to your feedback. And we are taking action."
Under the Affordable Care Act, penalties would affect businesses with over 50 full-time employees that didn't provide health insurance to their workers. Some say the measure would have little effect on small businesses, but opponents of the bill say it dissuades businesses from growing above 50 full-timers, knowing the extra cost it may have on the business.
The Affordable Care Act has been surrounded in controversy since its inception. Senator Max Baucus (D-Montana), who helped craft the legislation, expressed concern in April about the implementation of the laws.
SOURCE: RedEye Chicago