Obamacare’s employer mandate to be delayed a year

In a stunning development, the Obama administration announced on Tuesday it is going to delay the implementation of the employer mandate, a major aspect of President Obama’s health care law initially set to go into effect on Jan. 1, by a year.

In a blog post, the Treasury Department wrote that it has been in talks with businesses about the implications of the mandate and has decided to delay implementation to provide them with more time to adapt to the requirement. The news was first broken by Bloomberg reporters Mike Dorning and Alex Wayne.