The Federal Government has announced that it will delay implementation of the insurance markets known as exchanges until 2015.Earlier mandates associated with the Affordable Care Act or “Obamacare” required an October 1, 2013 open enrollment period, followed with January 1, 2014 effective dates for coverage. The Obama administration cited “operational challenges” as a reason for the delay.
Some of the buzz from several insurance representatives has said that the Obama administration has greatly contributed to the delay because it did not provide details, guidance, or final rules on administering the Exchanges.
Supporters of the law said they were disappointed by the delay and that prolong and rising health care costs are crippling 29 million small businesses. Some supporters also believe that the delay will be another reason that small business will be weary of Exchanges moving forward.
On the other hand, opponents are viewing the delay as a small victory with many saying “I told you so” to the difficulty in enacting such a massive initiative.With this delay many group’s opposing the National Healthcare Reform Initiate will likely mount another attack on the plan. Countless opposing groups will surely see this development as an opportunity to renew their fight to repeal the Affordable Care Act.
So, what does this delay really mean? No one knows for sure, but it continues keep the waters cloudy and will surely cause more confusion then is already out there. I’m sure more questions will arise with little answers in the short term.
Be sure to check back for more information and updates concerning Obamacare and how it might impact your business. Also, check out our Obamacare page for The LL Roberts Group. For more information on how a PEO can address your company’s employee benefit needs, feel free to contact a PEO Representative at the LL Roberts Group (toll free) at 877.8578.6463.