Wed. 4:29pm: Employers react to Obamacare pause
A large sigh may be resonating from the business community with Tuesday’s announcement of a delay for large business to comply with parts of Obamacare, but local tax experts are warning it should not be considered a permanent reprieve.
In a surprise announcement, the Barack Obama administration late Tuesday said the business mandate for large employers to provide health insurance to its full time employees will be deferred for one year and not become effective until 2015.
While the delay may ease employers’ immediate concerns, Youngstown tax attorney George Millich said the next year should be used by local employers to study and comply with new stipulations on things like who is considered full-time, how affordable health insurance should be for employees and during what time frame employees’ hours should be monitored.
Read the complete story in Thursday’s Tribune Chronicle and at tribtoday.com.