Wednesday, July 3, 2013

Exchanges Remain as a Portion of Obamacare Is Delayed

"In a significant setback for President Obama’s signature domestic initiative, the administration on Tuesday abruptly announced a one-year delay, until 2015, in his health care law’s mandate that larger employers provide coverage for their workers or pay penalties," writes the New York Times. The post added: "While the postponement technically does not affect other central provisions of the law — in particular those establishing health insurance marketplaces in the states, known as exchanges, where uninsured Americans can shop for policies — it threatens to throw into disarray the administration’s effort to put those provisions into effect by Jan. 1." Starting next year, individuals without employer-based health insurance will have to purchase insurance or face the penalties. Read more.

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