FILE - In this April 30, 2013 file photo, President Barack Obama answers questions during his new conference in the Brady Press Briefing Room of the White House in Washington. State officials say thousands of people with medical problems are in danger of losing coverage as the Obama administration winds down one of the earliest programs in the federal health care overhaul. At risk is the Pre-Existing Condition Insurance Plan, a transition program that has turned into a lifeline for the so-called �uninsurables� _ people with serious medical conditions who can't get coverage elsewhere. The health care law capped spending on the program, and now money is running out. (AP Photo/Charles Dharapak, File)
WASHINGTON (AP) -- The Obama administration says it's delaying a major part of the president's health care overhaul law, the requirement that medium and large companies offer coverage.
In an announcement late Tuesday from the Treasury Department, the administration said it has heard requests from business groups for additional time to comply and will grant another year.
The health law requires companies with 50 or more workers to offer affordable coverage to their employees or face potentially large fines if just one worker ends up getting taxpayer-subsidized insurance.