The Affordable Care Act is no stranger to news headlines. Earlier this week was no exception as yet another change was made to the law.
When the legislation was first passed, employers with more than 50 full-time employees were required to provide coverage to those employees or pay a fine. This was put into place in an effort to carry out the law’s goal of expanding coverage. Employers complained that this just wasn’t affordable and in order to avoid penalties they would have to cut employee hours.
As a result, the administration put an extension on the rule. On February 10, 2014, leaders once again, delayed the rule. Employers with 50-99 full-time employees now have until 2016 until they are required by law to offer them health insurance.