Healthcare provision delay may not have large impact in SC - - Columbia, South Carolina |

Healthcare provision delay may not have large impact in SC

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A major provision in the Affordable Care Act is being put on hold. The Obama Administration announced a one-year delay before implementing the mandate requiring larger businesses to offer health insurance.

Some employers complained the provision is too complicated. While this is a big development, the impact is not as widespread as you might think.

"While this might be shocking news, in reality, it's not going to have any impact at all on the implementation of the Affordable Care Act," said Frank Knapp of the South Carolina Small Business Chamber.

Knapp has been following this issue closely. The provision affects only those businesses that have more than 50 full-time employees. Knapp says this one year delay does not have a big impact.

"Ninety-six percent of the businesses in the state and in this country have less than 50 employees, so they were under no mandate to offer health insurance anyway," said Knapp.

By 2015, those medium to large businesses would be required to offer health insurance.

The delay gives business more time to figure out how to comply with the law and allows the federal government to simplify the reporting process.

Businesses that do not comply will be penalized but not until 2015.

"This is going to give everyone more time to understand it," said Knapp. "The Affordable Care Act will roll out in January of next year. It will have a full year of implementation. Everyone will understand the rules going in 2015 and it should be a more smooth transition."

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