Does Obamacare Create Uncertainty for Businesses? – DEBATED
Sam Graves, US Representative (R-MI), stated the following in his Oct. 31, 2013 letter to Kathleen Sebelius, Secretary of the Department of Health and Human Services, available at smallbusiness.house.gov:
"As Chairman of the Committee on Small Business, I continue to be disturbed by the numerous and ongoing problems, misinformation and delays associated with the implementation of the health care law. These issues have persisted for months, despite repeated official assurances from Administration officials that the implementation was on track. Small business owners who are subject to the law’s many mandates and face penalties and fines for noncompliance are perplexed, confused and sometimes unaware of what is expected of them. Each day seems to bring new challenges and a changing script…
The Administrations irresponsible pattern of misinformation, glitches and delays on the SHOPs [Small Business Health Options Program] has created additional confusion and uncertainty among our entrepreneurs."
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."
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."