How will Obamacare affect my social security- Money Morning - Only the News You Can Profit From.
The Obama Administration released a shocking decision on Tuesday night to delay the Obamacare employer mandate requiring U.S. companies to provide health insurance to employees who work more than 30 hours a week and are part of a workforce of more than 50.
Mark Mazur, the Assistant Treasury Secretary for Tax Policy, announced on the Treasury Departments blog that the Obama administration "will provide an additional year before the ... mandatory employer and insurer reporting requirements begin."
Despite the significant decision by the administration to delay the business mandate, the individual mandate (recently ruled Constitutional as a tax by the Supreme Court), will go into effect as scheduled. Individuals will need to provide proof of insurance in 2014, whether or not there is a business mandate.
The Obamacare mandate is likely a political move in order to delay any negative economic impact of the law on the economy, particularly unemployment, in advance of the 2014 Congressional election that could harm Democrats.
For investors, the financial impact will be just as significant and opportunities robust in the near term. Expect the markets to react accordingly over the next few days.
Significant Political Implications Await Ahead