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Small firms to get another year's relief from Obamacare

  • The government has announced yet another delay to a crucial part of Obamacare, saying that businesses with 50-99 full-time workers won't have to provide health insurance to their workers until 2016. Some larger firms will have to cover at least 70% of employees by 2015 and 95% a year later.
  • The original plan was for companies to offer coverage this year, but in July, that was delayed until 2015.
  • The latest announcement was in response to pressure from firms and came after some businesses cut employee working hours to below 30 hours a week in order to avoid having to provide insurance.
  • More on Obamacare
  • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
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