“At first blush, ACA mandate delay a relief”Milwaukee Business Journal 02/11/14
Following is an excerpt:
Companies with more than 99 employees are still required to offer coverage beginning 2015. The ACA does not require employers with less than 50 workers to provide insurance.
Taibleson views the delay as a reasoned and measured approach to phasing-in compliance for employers in Wisconsin and nationally.
“What’s wrong with another year for the market to settle out?” he said.
John Barlament, an employee benefits attorney at Quarles & Brady LLP in Milwaukee, echoed Taibleson’s comments.
“It’s somewhat surprising from a political perspective,” he said. “It’s welcome news from an employer perspective.”
Attorneys and public accounting firms in southeast Wisconsin have been busy preparing their business clients to comply with the mandate before it was to take effect in 2015.
The Feb. 10 news was similar to mid-2013 when the Obama administration announced the initial delay of the employer mandate from 2014 to 2015. That is the kind of roller-coaster ride with implementing the ACA that causes critics to contend the latest changes will create more confusion for businesses and demonstrate that Obamacare is unworkable.
“It came out of the blue really,” Barlament said of the Feb. 10 announcement.
Originally published in Milwaukee Business Journal, February 11, 2014