While cost is important, the report also indicates that this represents less than 1 percent of the cost of 10 years of the law. The employer mandate requires all employers with 50 or more workers to provide insurance or otherwise face a fine of $ 2,000 per worker. Many of the corporate sector are grateful for the extra year, feeling that they lacked the proper time to prepare complex reports required under the law.
The White House argues that, despite the delay, all other provisions will deploy as planned and that the law is fully paid. They also argue that the Affordable Care Act (ACA) will further reduce the deficit by more than $ 100 billion over the next 10 years. Under the ACA all uninsured people without access to an occupational coverage will be able to start shopping for health plans on October 1 and according to their income level, the quality of tax reform subsidies.
The CBO report shows that only 500,000 people will be affected by the delay of the mandate of the employer. They also believe that, in 2014, 13 million of the 50 million uninsured US residents will buy insurance. This number should increase to between 25 and 30 million in the years that followed. Parallel to delay the mandate of the employer, the administration also eased regulations to check the qualification grant tax for individuals and families. These changes should make it easier for those who buy insurance on the exchanges to show that they are eligible for a tax credit.
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