Healthcare Insurance Exchange Delays?

On the heels of the Administration’s delay of the Employer Mandate (Play or Pay) until 2015, watchdogs commented to the House of Representatives Oversight and Government Reform committee.  Representatives from the Treasury Inspector General for Tax Administration and the GAO said that the October 1, 2013 deadline for beginning the healthcare exchanges would be difficult to complete.

Under the Act, individuals will be able to buy health insurance through the new exchanges beginning October.  The exchanges were designed to assist people in complying with the Individual Mandate which requires individuals to have insurance or pay a fine on their 2014 tax return.  Many states, including North Carolina, have refused to set up the healthcare exchanges, which puts more burden on the federal exchange.

Obama administration officials have assured the committee that they are on track.

More to come…

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