2013 was a big year for the President’s landmark legislation.
The year started with the employer’s mandate being delayed, giving businesses more time to comply with the law.
All businesses with 50 or more full time equivalent employees, meaning those who work 30 hours or more a week, will have to offer health benefits to it’s workers or pay a two thousand dollar penalty.
“So even though to the business community’s relief this has been delayed, it’s still a delay, so in 2014 we still have regulations or expect regulations we’ll have to sift through and figure out. This is a very complex law to implement and comply with,” said Laura Mizner, Executive Director U.S. Chamber Healthcare Council.
The private healthcare exchanges also opened in November, but the website was plagued by technical difficulties making it hard for people to buy insurance.
After the rocky rollout fixes were implemented and more people have been able to access the marketplaces.
1,000,000 people have signed up for insurance through the exchanges.
People whose plans were cancelled can file for a hardship exemption from the penalty, but most insurers will be renewing the cancelled plans for one more year.
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