Obamacare Delayed for Small Biz

    MIAMI, FL - JANUARY 15: Alfredo Martel (R) an insurance agent from Sunshine Life and Health Advisors checks people in as they stand in line to purchase health insurance under the Affordable Care Act at a kiosk setup at the Mall of Americas on January 15, 2014 in Miami, Florida. Today is deadline day for those that want insurance to start on February the 1st. According to the owner of Sunshine Life and Health Advisors, Odalys Arevalo, their business selling insurance under the Affordable Care Act has exploded so much so that by the end of the week they will be moving to a 24,000 square foot space at the mall because they have outgrown the kiosk.  They have over 25 agents and are seeing hundreds of people daily, last Saturday they saw about 1,000 people with wait times of over 5 hours.  (Photo by Joe Raedle/Getty Images)

    Joe Raedle/Getty

    The Internal Revenue Service announced Monday that small businesses with 50 to 99 full-time employees will be exempt from an Affordable Care Act mandate to provide health insurance until 2016. Enforcement was to take effect next year, but it's been pushed back, along with a stipulation that larger companies must only offer 70 percent of full-time staff insurance this year, rather than 95 percent. Employers will have to certify they haven't fired people to qualify for the delay, and fines can be as much as $3,000 per worker. 

    Read it at Bloomberg News