‘Obamacare’ mandate delay will cost $12 billion, affect 1 million workers

President Barack Obama’s decision to delay implementation of part of his healthcare reformlaw will cost $12 billion and leave a million fewer Americans with employer-sponsored health insurancein 2014, congressional researchers said Tuesday.

The report by the non-partisan Congressional Budget Office is the first authoritative estimate of the human and fiscal cost from the administration’s unexpected one-year delay announced July 2 of the employer mandate – a requirement for larger businesses to provide health coverage for their workers or pay a penalty.

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