Delay of employer penalties will cost gov't $10B

WASHINGTON (AP) ? The nonpartisan budget scorekeeper for Congress says the Obama administration's recent decision to delay a health law requirement for larger employers to offer coverage will cost the government $10 billion in fines that won't be collected.

But the Congressional Budget Office says that's a relatively small amount.

As a result of the employer delay and other last-minute changes, the CBO said Tuesday that cost of expanding coverage for the uninsured will rise to $1.375 billion from 2014-2023, an increase of less than 1 percent from its previous estimate in May.

Foes of "Obamacare" say the delay in the employer requirement is a sign that implementation of the law is in serious trouble.

CBO said fewer than half million people would have to forgo coverage as a consequence.

Source: http://news.yahoo.com/delay-employer-penalties-cost-govt-10b-185101565.html

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