ERIC News Release
For Immediate Release: July 3, 2013
Washington, D.C. -- Statement by Gretchen Young, ERIC Senior Vice President for Health Policy:
“We applaud the Administration for listening to the business community and announcing last night that it is delaying until 2015 the employer shared-responsibility reporting requirements and penalties under the Affordable Care Act.
“It is welcome relief that the Administration took this step, particularly in light of the numerous questions that remained in terms of how companies were supposed to comply with the employer mandate provisions that were originally set to take effect next year. We are looking forward to reading formal guidance on this transition rule as the consequences and effect of the delay are not completely clear at this point.
“We do appreciate the sensitivity of the Administration to our concerns and hope that it will carry forward into other difficult issues as well.”
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The ERISA Industry Committee (ERIC) is a non-profit association committed to representing the advancement of the employee retirement, health, and compensation plans of America's largest employers. ERIC's members provide benchmark retirement, health care coverage, compensation, and other economic security benefits directly to tens of millions of active and retired workers and their families. ERIC has a strong interest in proposals affecting its members' ability to deliver those benefits, their cost and their effectiveness, as well as the role of those benefits in the American economy.