San Francisco – Democratic Leader Nancy Pelosi released the following statement after the Obama Administration announced that the employer responsibility requirement for larger employers under the Affordable Care Act will start in January 2015:
“With this announcement, the Administration has demonstrated its commitment to implement the Affordable Care Act with increased flexibility for the four percent of America’s businesses impacted by the employer responsibility requirement. This move will allow businesses more time to adapt their health coverage as the Administration continues its efforts to simplify reporting, and allow for testing and changes to health benefits throughout 2014. And in the end, this change will provide businesses affected by the responsibility requirement as much flexibility and transition time as possible in determining if their benefits meet the law’s requirements for minimum and affordable coverage.
“The vast majority of businesses subject to the law’s responsibility requirement already provide health insurance to their employees. Indeed, 98 percent of businesses with 200 or more employees and 94 percent of businesses with between 50 and 200 employees already offer coverage. The Administration is providing these firms simplification in what they have to report. This change will not affect upcoming enrollment in health insurance marketplaces nor a family’s ability to obtain insurance coverage that fits its needs.
“Already, this law has offered essential protections to millions of children, students, seniors, families, and small business owners. Soon, Americans will benefit from greater wellness and prevention, more choices and competition in the insurance market, and increased access to quality, affordable care. As Americans celebrate the Fourth of July – the moment of our nation’s independence – we celebrate the Affordable Care Act as a source of health independence for America’s families and small businesses.”