U.S. Markets closed

New White House proposal on delayed employer rule

Ricardo Alonso-Zaldivar, Associated Press

WASHINGTON (AP) -- The Obama administration has issued new proposals for carrying out a major requirement of the federal health care law that was postponed earlier this summer.

At issue is the law's requirement that companies with 50 or more workers provide affordable health insurance to their full-time employees or risk fines.

The mandate was supposed to take effect Jan. 1, but in July the White House unexpectedly announced a one-year delay until 2015. Officials said more time was needed to work out complicated reporting requirements so they would not be too burdensome for businesses.

The administration's new proposal seeks comment on options to reduce or streamline information reporting. Meanwhile, the one-year delay remains in place.