The Obama administration has released a proposal that it says will make it easier for companies to follow the employer mandate under the Patient Protection and Affordable Care Act, the health care reform law often called Obamacare.
The U.S. Treasury Department on Thursday proposed rules intended to streamline or reduce what companies should report to the federal government to show compliance with the employer mandate. The Obamacare provision directs businesses with at least 50 employees to give reasonably priced health insurance to their full-time workers or risk fines.
Companies were slated to start complying with the mandate January 1, 2014. But the White House in July announced that it wouldn't start enforcing the employer mandate until 2015 after facing pressure from U.S. businesses, which expressed concerns about burdensome reporting requirements.