WASHINGTON (Reuters) – The U.S. Treasury Department on Thursday issued proposed rules aimed at easing the requirements for companies and insurers when they report employees' health coverage information to comply with President Barack Obama's signature healthcare law.
The proposed regulations are a key element of the employer mandate portion of the law. Implementation of the rules had been delayed while the Treasury Department attempted to simplify them to address concerns of employers.
"We will continue to consider ways, consistent with the law, to simply the new information reporting process," said Mark Mazur, assistant treasury secretary for tax policy.
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