After months of complaints and backlash, the administration is delaying what's called the "employer mandate" under the Affordable Care Act.
The mandate requires companies with more than 50 full-time employees to offer health insurance or pay a $2,000 penalty - but that rule is being suspended for a year until January of 2015. Most U.S. businesses with more than 50 employees already offer insurance, but the smaller, often startup, companies that do not complained loudly about the 21-page application required.
In an announcement from the Treasury Department on Tuesday, the administration said its decision was "designed to meet two goals," including reducing the amount of paperwork and working with small-company employers who were threatening layoffs or reduced hours in order to report a workforce of fewer than 50 people.
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