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Key provision of Obamacare being delayed

Posted at 12:38 PM, Jul 03, 2013
and last updated 2013-07-03 12:38:46-04

The requirement that businesses provide their workers with health insurance — a key provision in president Obama’s sweeping health care law — will be delayed by one year.

The Treasury Department says the delay came after business owners expressed concerns about the complexity of the reporting requirements for employers with 50 or more full-time workers.

The extra year is intended to allow the government to assess ways to simplify the process.