Wednesday, February 26, 2014

NAM: Obamacare 'Will Hurt Manufacturers and Their Employees'

manufacturing(CNSNews.com) - "Perhaps perhaps no issue gives manufacturers more heartburn than health care," the head of the National Association of Manufacturers (NAM) told a gathering in Houston on Tuesday.
"If we don’t do something to fix the law, between six and seven million fewer American workers will have employer-sponsored coverage over the next 10 years. That will be the new reality for our workforce," said NAM President and CEO Jay Timmons.
"The law, as implemented, will hurt manufacturers and their employees. Take, for instance, what you are facing in additional fees and costs over the next three years: $22.2 billion. That figure is simply added cost -- it won’t get that mom on your assembly line one more pediatrician visit or one more prescription filled for your shop floor manager’s family."
Timmons said 97 percent of manufacturers offer health coverage to their employees, but the health care law threatens their ability to provide those benefits by forcing them into a one-size-fits-all system.
Although the law is not supposed to affect companies with fewer than 50 employees, that is not the case, Timmons said.
Via: CNS News
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