NEWS RELEASE

July 2, 2013
PR-13/09

For additional information:
Jason Hammersla
office 202-289-6700
cell 202-422-4652 (cell)

Council applauds Obama Administration's move to delay health law reporting requirements

WASHINGTON, DC — "We applaud the Obama Administration's decision to delay until 2015 employers' reporting requirements, and potential employer penalty payments under the Affordable Care Act. This provides vital breathing room to implement the law in a more thoughtful and administrable way," said James A. Klein, president of the American Benefits Council, commenting on the U.S. Treasury Department's July 2 announcement on the Treasury Notes blog.

"Major employers have led the way in providing coverage to their workers and are expending great resources to ensure compliance with the new law. This relief will minimize disruption for employers and their workers," Klein said.

"The American Benefits Council has been working closely with the Obama Administration for over three years to mitigate wherever possible the cost and burdens of implementing the ACA. We will continue to do so in the months ahead," concluded Klein.

For more information, or to arrange an interview with Council staff, please contact Jason Hammersla, Council director, communications, at 202-289-6700.

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The American Benefits Council is the national trade association for companies concerned about federal legislation and regulations affecting all aspects of the employee benefits system. The Council's members represent the entire spectrum of the private employee benefits community and either sponsor directly or administer retirement and health plans covering more than 100 million Americans.