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April 08, 2014 AT 2:46 PM
The U.S. administration has not determined whether it has legal authority to delay Obamacare's individual mandate, which requires most Americans to enroll in health insurance or pay a tax penalty, a senior Treasury official said on Tuesday. Mark Iwry, senior adviser to Treasury Secretary Jack Lew, told U.S. lawmakers the administration sees no reason for delay given that the law allows for exemptions and provides financial assistance for those unable to afford health coverage on their own. He said the provision also underpins reforms that protect sick people from discriminatory market practices.