Obama administration delays major part of health care overhaul law
Updated On: Jul 02 2013 10:48:15 PM MDT
The Obama administration says it is delaying a major part of the president's health care overhaul law. It would require medium and large companies to offer medical coverage. Now it will be delayed by a year.
The administration says it heard requests from business groups for additional time to comply with the law.
The health law requires companies with 50 or more workers to offer affordable coverage to their employees or face potentially large fines -- like if just one worker ends up getting taxpayer-subsidized insurance.
NBC Montana talked with a new downtown Bozeman business, 14 North, a restaurant which opened three weeks ago. Justine Palmer is one of the owners of 14 North and told us health care is expensive.
Palmer hopes this delay will allow her business and others to work with health insurance companies. Currently 14 North has about 50 employees.
Palmer says Tuesday's news from the Treasury Department did not surprise her and says she recognizes as a business owner, healthcare should be offered to everyone.
"It's important that everybody has some way of health care. Unfortunately, it's so expensive through insurance companies now, something needs to be done," said Palmer.
Palmer told us health insurance companies have reached out to her business, but says she is waiting for the right policy that will be cost effective on both ends.
"As it sits now, it's very expensive for me personally as well as for us here. I would like to see some measures done with that to get some of the cost down. I think it's very important everyone has health insurance," she said.
Palmer told NBC Montana one of her goals is to have health insurance provided to employees at 14 North within the next six months.