Wed, Jul 3, 2013 1:32 PM EDT 1:04
The Obama administration is delaying one key aspect of the 2010 Affordable Care Act. The law requires companies with 50 or more full-time employees to offer health benefits, or pay a fine. This was supposed to go into effect next January; instead 2015 is the new deadline. In a major concession to business groups, the Obama administration unexpectedly announced a one-year delay, until 2105, in a central requirement of the new health care law that medium and large companies provide coverage for their workers or face fines. UnitedHealth is the second major company to announce it's exit in advance of the changes the will take effect as a result of the health law. Meanwhile, Blues plans in Iowa and South Dakota announced plans to skip participation in those two states' health exchanges in 2014.