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Employer Mandate Pushed Back For Small Businesses
CEDAR RAPIDS, Iowa (CBS 2/FOX 28) -- Some Cedar Rapids small businesses are getting a break after the White House pushed back a requirement known as the "Employer Mandate", as part of the Affordable Care Act.
The rule said any small business with 50 or more employees had to provide health insurance or pay a fine of up to $2000 per employee each year.
Employers now have until 2015 to comply.
"We have heard concerns about the complexity of the requirements and the need for more time to implement them effectively," conservative columnist John Fund said.
The White House announced the change on its Web site. This all happened after the president admitted there could be setbacks just last month.
"When you're implementing a program this large, there will be some glitches. There are going to be some hiccups," President Obama said on June 7, 2013.
Both parties tried to put their spin on the news.
House Speaker John Boehner said, "This announcement means even the Obama administration knows the 'train wreck' will only get worse."
Senate Majority Leader Harry Reid said, "Both the administration and senate democrats have shown, and continue to show, a willingness to be flexible. It is better to do this right than fast."
The change does not apply to the individual mandate, which requires everyone to have health insurance.