CBO: ObamaCare mandate delay will cost government $12 billion

[Geee]

The Hill:

The Obama administration's decision to delay the employer mandate in its signature healthcare law will cost the government about $12 billion, according to the Congressional Budget Office (CBO).

 

The CBO on Tuesday released its first official estimate of the delay in the employer mandate, which requires large businesses to offer health insurance coverage to their full-time workers or pay a penalty.

 

The one-year delay increased the cost of the law's coverage provisions by $12 billion over the next 10 years, the CBO said.

 

 

Republicans have hammered the Obama administration over the delay, arguing that it creates a double standard because the law's individual mandate still goes into effect next year.