Does Obamacare create uncertainty for businesses? – DEBATED
Jeff Cox, Senior Writer for CNBC, wrote in his June 28, 2012 article "What Businesses Didn’t Get from the Health-Care Ruling," available at www.cnbc.com:
"For American businesses, uncertainty over the health-care law is anything but over…
GOP candidate Mitt Romney vowed again Thursday to repeal the act if elected, while President Barack Obama said he would move forward in implementing it.
That means businesses will have a hard time budgeting for health-care costs and are likely to delay hiring even further...
U.S. corporations are sitting on more than $1.2 trillion in cash — $3.5 trillion counting the financial sector — that has not been deployed, in large part due to anxiety over health care."
Steve Austria, US Representative (R-OH), stated in his July 11, 2012 press release "Congressman Austria Votes to Repeal Obamacare," available at www.austria.house.gov:
"Business leaders will tell you that government red tape and regulations creating uncertainty for business expansion is the biggest detriment to job creation. One of the biggest contributors to this uncertainty is the president's health care plan... Quite simply, Obamacare has become a job killer.”
Betsi Fores, Daily Caller Reporter, stated in her July 29, 2012 article "Businesses Find Certainty After Health Care Ruling," available at www.dailycaller.com:
"The ruling on the Affordable Care Act may provide the stability and certainty businesses need to hire. With the veil of uncertainty lifted, businesses can move forward with planning, and take steps needed to comply with the law, and potentially hire new workers...
With the ruling from the Supreme Court in place, businesses have a much better picture of future costs and regulatory burdens they will endure. With a more certain landscape of the future, business can make a better assessment of cost and regulatory burdens imposed by the health care law."