Robert Half International Inc. (RHI), CGI Group Inc. (USA) (GIB): Obamacare’s Abominable Summer

Page 1 of 2

Summer just arrived a few weeks ago. But it’s already been a hot and sticky one for Obamacare.

Source: White House on Flickr.

The most recent heat comes from the decision by the Obama administration to delay the mandate for employers to provide insurance to employees or pay a steep fine. Last Tuesday, a Treasury Department assistant secretary announced in a blog post that the Obamacare employer mandate was being pushed back until 2015. The reasons given in that blog post for the push-back were “concerns about the complexity of the requirements and the need for more time to implement them effectively.”

While business groups cheered the delay, it could now open a Pandora’s box for the administration. The National Retail Federation is pushing for the employer mandate to only apply to companies with 100 full-time employees rather than the 50-employee threshold now in place. Now there is pressure to delay the individual mandate in Obamacare also.

This move by the White House wasn’t too surprising considering a recent report from the Government Accountability Office, or GAO, about the state of exchanges that make up a key component of Obamacare. The GAO found that implementation of Small Business Health Options Program, or SHOP, national online health insurance exchanges was behind schedule in 33 states. That shouldn’t be too big of an issue now with the employer mandate delay.

However, the GAO also found that implementation of individual insurance exchanges is also behind schedule in 34 states. The Health and Human Services, or HHS, department maintains that the exchanges will be ready on schedule in October. The GAO, though, said that whether a successful launch is possible by then ”cannot yet be determined.”

Simmering below the headlines
While these two news stories grabbed headlines, a couple of other Obamacare developments didn’t receive quite as much publicity. One involved privately held Hobby Lobby Stores, Inc.. The company sued the federal government over a requirement in Obamacare that insurers cover abortifacients. This requirement applies to Hobby Lobby Stores, Inc. because it is self-insured. Hobby Lobby Stores, Inc. requested an exemption on religious grounds, but the Obama administration maintained that secular organizations didn’t qualify for an exemption.

An earlier district court decision agreed with the White House. However, the 10th Circuit Court of Appeals ruled on June 27 that the contraception coverage requirement violated the company’s religious beliefs. As a result, a temporary restraining order is now in place that protects Hobby Lobby Stores, Inc. from huge financial penalties. While many expect this case or a similar case to ultimately be decided by the Supreme Court, the recent ruling could make it more likely that other for-profit companies will seek exemptions from part of Obamacare.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!