The Treasury Department announced yesterday that the ObamaCare mandate on employers to provide workers with health insurance will be delayed until 2015. Although the delayed implementation will no doubt serve to provide some much needed time for business owners to assess the requirements and develop their individual strategies, the ultimate question here is whether it even matters. Unless something is done to change the mandate, job growth is still likely to wane (especially for those businesses which are on the cusp of breaking the 50 employee level) and business creation plans are likely to remain on hold due to the impact the mandate will have on bottom-line profits. Frankly, I think House Majority Leader Eric Cantor (R-VA) said it best when he tweeted that “The best delay for ObamaCare is a permanent one.” Whether that day comes or not, at least the hurricane predictor shows that the storm has stalled so that business owners will have a little more time to assess the damage before it arrives.
It’s Official! ObamaCare Employer Mandate Delayed. But is that enough?