Healthcare mandate for medium-sized businesses delayed

TIRE BUSINESS

Published: February 11, 2014 11:47 am ET

Related to this story

Topics Public Policy, Workforce

WASHINGTON — The Obama administration announced a further one-year delay in implementation of employer mandates under the Affordable Care Act (ACA) for companies with 50 to 99 employees.

Under the White House directive announced Feb. 10, medium-sized employers will have until Jan. 1, 2016, to provide ACA healthcare coverage to all employees who work 30 hours or more a week.

Employers with 100 or more full-time employees will still have to provide coverage beginning Jan. 1, 2015. In all cases, employers who fail to provide coverage after the deadline will pay a penalty of up to $2,000 per employee.

In August 2013, the administration delayed the employer mandate till 2015. Under the original ACA legislation passed in 2010, the mandate was supposed to begin in January 2014.

"While about 96 percent of employers are not subject to the employer responsibility provision, for those employers that are, we will continue to make the compliance process simpler and easier to navigate," said Mark J. Mazur, assistant secretary for tax policy, in a joint news release from the U.S. Treasury Department and the Internal Revenue Service.

The National Association of Manufacturers (NAM) and the National Federation of Independent Business (NFIB) said the deal points up flaws in the ACA.

"These kinds of delays and reinterpretations underline the shortcomings of the law itself," said Joe Trauger, NAM vice president of human resources policy. "Manufacturers continue to suffer under the uncertainty the ACA creates — they list it at the forefront of their challenges in the coming year."

"Every time small business owners hear about another delay or random rewrite of the rules under this law, they are shaking their heads and thinking, 'We told you so,'" said Amanda Austin, NFIB director of federal public policy.


Comments

Healthcare mandate for medium-sized businesses delayed

TIRE BUSINESS

Published: February 11, 2014 11:47 am ET

Post Your Comments


Back to story


More stories

Image

Dow seeking new ruling on fine

October 16, 2014 6:58 am ET

Dow Chemical Co. has asked the 10th Circuit Appeals Court in Denver to think again about its decision to reject Dow's appeal against a $1.1 billion...    More

Image

Teknor Apex working to keep talented young workers in Rhode Island

October 15, 2014 6:00 am ET

Just about every plastics company says they face a challenge finding talented new workers. It looks like compounder Teknor Apex Co. is taking a...    More

Image

$4 billion PE project for North Dakota

October 14, 2014 2:05 pm ET

North Dakota's largest-ever private investment — $4 billion — is being aimed squarely at the plastics industry, polyethylene in...    More

Image

Plastics firms ramp up production, donations in Ebola fight

October 10, 2014 3:57 pm ET

As health care workers around the world battle the spread of Ebola, plastics processors are doing their part — ramping up production and even...    More

Image

Companies, SPI working together to get plastics recycling story out

October 9, 2014 11:25 am ET

The plastics market has a good story to tell where recycling is concerned. The challenging part is getting that story heard.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events