- 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.
Small firms to get another year's relief from Obamacare
Feb 11 2014, 03:24 ET