04 Jul Florida Businesses Mixed on Obamacare Mandate Delay
Employers are now 18 months away from being forced to provide health insurance for their employees, thanks to a Tuesday announcement by the Obama administration that a major Obamacare mandate won’t be going into effect until 2015, but Florida’s business community isn’t exactly jumping for joy.
“It’s definitely a mixed blessing,” an ambivalent Bill Herrle, Florida executive director for the National Federation of Independent Business (NFIB), tells Sunshine State News. “It’s something of an acknowledgment of what we’ve been hearing from business owners since this was a proposal: it will be difficult if not impossible to implement and it’ll be a job-killer.
Initially set to take effect in January 2014, the employer mandate of the Patient Protection and Affordable Care Act (“Obamacare”) will force business owners who hire more than 50 “full-time equivalent” workers to provide government-approved health insurance for each of their employees. Those who fail to do so will have to pay a tax of $2,000 per employee (whether or not they are actually insured), and an additional tax of $400-to-$600 per employee if employers establish a waiting period to get into the plan.