Delay the health law impact on families, individuals
President Barack Obama’s administration announced this week it will delay, for one year, an Affordable Care Act requirement that businesses provide health care insurance. No one – not the business community and not federal regulators – is ready to implement the rule.
But if Obama is going to give businesses a break, what about individuals and families? As matters stand, all Americans will have to comply with the federal mandate that they obtain government-approved health insurance. That begins Jan. 1.
Those who do not comply face penalties – new taxes, really, as the U.S. Supreme Court has ruled – of as much as $2,000 a year.
And given the one-year exemption for businesses, it will be more difficult for millions of people to comply with the individual mandate.