To delay until 2016 provisions of the Patient Protection and Affordable Care Act scheduled to take effect in 2014 or 2015 and to delay the application of sequestration until 2014.

Delays until January 1, 2016, the effective date of any provisions of the Patient Protection and Affordable Care Act or of any health care provisions of the Health Care and Education Reconciliation Act of 2011 that were scheduled to take effect in 2014 or 2015.

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to postpone until FY2014 the automatic reductions to eliminate the excess budget deficit (sequestration). Prohibits the President from issuing an order to carry out any sequestration that the Director of the Office of Management and Budget estimates is required for FY2013.