Business experts weigh impact of Affordable Care Act - WSPA.com

Business experts weigh impact of Affordable Care Act

Posted: Updated:
RALEIGH, N.C. -

One of the elements of the Affordable Care Act that will be closely watched is how it impacts businesses, especially with the United States' economy becoming robust after a long climb out of the Great Recession.

Monday night, how the Act will impact businesses was a key part of WNCN's extended look at Obamacare in a health care forum held at the Burning Coal Theatre in downtown Raleigh.

Gary Salamido, with the North Carolina Chamber of Commerce, said the impact of the Affordable Care Act "is going to vary for each business."

But the impact on smaller businesses could be particularly significant, since smaller businesses lack the staffs of their larger counterparts.

"It's complex, it's confusing, and it's costly," Salamido said. "When you put all those things into a test tube, what happens is there is an indecision. Businesses like predictability and stability so they can plan going forward. Right now they don't have that. They are trying to sort all this out."

That, Salamido said, affects whether businesses decide to add employees.

"So it's affecting growth, it's affecting whether you add one more job and what that means to you," he said. "Or do you add 10 jobs?"

"The last thing businesses want to do is hire folks and then have to re-group again. They just went through that [in the recession]. And health care is so important so you can be in a competitive position with a company that grows."

Attorney Skip Woody, of Hill, Chesson and Woody, said many companies he deals with still want to retain their staff and add talented employees.

"It's about being competitive," Woody said. "We talk about cost, but you also have to get the talent in to do the work to meet the mission of that organization. So we talk a lot about their mission and how invaluable the people are in getting there."

Only a few companies he has talked to, he said, have decided to drop coverage so far.

  • Trending StoriesTrending StoriesMore>>

  • Woman impales herself on cemetery fence; says she was running from attacker

    Woman impales herself on cemetery fence; says she was running from attacker

    Wednesday, July 23 2014 2:53 PM EDT2014-07-23 18:53:18 GMT
    A woman claims she was running from an attacker and tried to jump a five foot fence when she became impaled. Firefighters had to use power saws and a grinding saw to cut her free, all while she was conscious. After 30 minutes she was transported to an area hospital for surgery to remove the spike sticking out of her thigh. It happened at Vine Cemetery in Hazleton. She said the nearest gate was locked. Witnesses backed...
    A woman claims she was running from an attacker and tried to jump a five foot fence when she became impaled. Firefighters had to use power saws and a grinding saw to cut her free, all while she was conscious. After 30 minutes she was transported to an area hospital for surgery to remove the spike sticking out of her thigh. It happened at Vine Cemetery in Hazleton. She said the nearest gate was locked. Witnesses backed...
  • 2 charged with first-degree murder in beating death of UNC professor, cancer researcher

    2 charged with first-degree murder in beating death of UNC professor, cancer researcher

    Friday, July 25 2014 9:00 AM EDT2014-07-25 13:00:14 GMT
    A UNC research professor was robbed and beaten to death Wednesday afternoon on University Drive in Chapel Hill, police said.
    A UNC research professor was robbed and beaten to death Wednesday afternoon on University Drive in Chapel Hill, police said.
  • Largest companies by revenue in each state

    Largest companies by revenue in each state

    Thursday, July 10 2014 8:01 PM EDT2014-07-11 00:01:10 GMT
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
Powered by WorldNow

250 International Dr.
Spartanburg, S.C. 29303

Telephone: 864.576.7777
Fax: 864.587.5430
Email: webmaster@wspa.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.