The news broke on www.bloomberg.com and was confirmed by Mark J. Mazur, assistant secretary for tax policy at the U.S. Department of the Treasury, on his blog.
“Over the past several months, the (Obama) administration has been engaging in a dialogue with businesses — many of which already provide health coverage for their workers — about the new employer and insurer reporting requirements under the [Patient Protection and Affordable Care Act],” Mazur said. “We have heard concerns about the complexity of the requirements and the need for more time to implement them effectively. We recognize that the vast majority of businesses that will need to do this reporting already provide health insurance to their workers, and we want to make sure it is easy for others to do so. We have listened to your feedback. And we are taking action.”