The Obama Administration on July 2 announced it will provide an additional year before the ACA mandatory employer and insurer reporting requirements begin, according to the U.S. Department of the Treasury.

The delay is designed to meet two goals, said Mark Mazur, the Assistant Secretary for Tax Policy at the U.S. Department of the Treasury in a blog post. “First, it will allow us to consider ways to simplify the new reporting requirements consistent with the law," Mazur said. "Second, it will provide time to adapt health coverage and reporting systems while employers are moving toward making health coverage affordable and accessible for their employees. Within the next week, we will publish formal guidance describing this transition.”

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