'Obamacare' Employer Mandate Delayed

White House postpones mandate that employers with at least 50 employees provide health insurance.
1:13 | 07/03/13

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Transcript for 'Obamacare' Employer Mandate Delayed
with the other stories developing this morning. We begin with a big announcement from the white house. It is delaying a key requirement of president obama's health care law. The requirement that forces many companies to provide insurance to their workers. Abc's chief white house correspondent, jonathan karl, joins us to explain the reason for this delael and what's next. Good morning, jon. Reporter: Good morning, amy. This is a major setback for the white house. The requirement that every company with 50 or more employees provide quality health care for the employees is a centerpiece of the law. But many businesses complained it was unaffordable. And that the paperwork required was too confusing. Many companies across the country said they would be force to lay off employees to get under 50 or rely more on part-time workers. So, the white house said, they heard those complaints by giving another year. It will give those companies time to comply. They will also work on streamlining all of the paperwork. But, amy, a very important point here is that other parts of the health care law will still go into effect, including the so-called individual mandate. That's the provision that requires every adult to get health insurance or pay a fine. Individuals will still be on the hook here. That requirement goes in next

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