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Corporate profits, meanwhile, are at record highs, and companies are hoarding cash. Many of the companies that are considering hiring say they are scared off by the uncertain future costs of health care and other benefits.
Because this is going to cost companies money, they are going to examine what their options are and take the most profitable path.
Have you read the article? It doesn't mention what the employee count is for Vista technologies but I'd be willing to bet it's under 50 where the insurance mandate kicks in. Why bother expanding your business with new employees if you're going to lose money? If I have 50 employees and hire one more I'm not going forward, I'm going backwards. It's pointless.
The uncertainly lies whether this law will be repealed or struck down by the courts. If you're in business you're not going to want to spend a huge chunk of change needlessly preparing for something that may never take effect.
Why aren't businsses clear on this health care reform? What is it about health care costs that they aren't certain about?
Oh, they're clear. They run a business and so they know much more about economics and running a business than most of Congress and Obama. They know it's going to cost them a great deal of cash. Also effected are not the large corporations, it's also small local businesses who could potentionally go out of business.
Why aren't businsses clear on this health care reform? What is it about health care costs that they aren't certain about?
This quote:
Quote:
they are scared off by the uncertain future costs of health care and other benefits.
Has been true for over a decade. No? Besides, it isn't just that the idea of HCR brought in, but also that its future is uncertain with republicans trying to destroy it.
This quote:
Has been true for over a decade. No? Besides, it isn't just that the idea of HCR brought in, but also that its future is uncertain with republicans trying to destroy it.
Yes it has....but, when you have things like taxes going (remember obama said they WILL expire in 2012) up and this HC thing, in the very near future...how or why would you even attempt to grow....
Think of it like this, "I'll approve you for this car....but I'm not going to tell you what your interest rate is." Would you do that?
Yes it has....but, when you have things like taxes going (remember obama said they WILL expire in 2012) up and this HC thing, in the very near future...how or why would you even attempt to grow....
Think of it like this, "I'll approve you for this car....but I'm not going to tell you what your interest rate is." Would you do that?
This is more than that. Uncertainty is almost never about certainty. If there is a law, people know which way to go. If there is a law, and a faction hell bent on destroying it, uncertainty comes about.
As for taxes, companies pay a heck lot more on insurance premiums per employee than they would on taxes, all the more reason such companies will benefit from single payer system.
This is more than that. Uncertainty is almost never about certainty. If there is a law, people know which way to go. If there is a law, and a faction hell bent on destroying it, uncertainty comes about.
As for taxes, companies pay a heck lot more on insurance premiums per employee than they would on taxes, all the more reason such companies will benefit from single payer system.
More taxes from Helathcare reform for the Biotech area.
Case in point, my organization will be hit with a new 40 million dollar yearly tax (my company) to subsidize others Healthcare starting in a few yrs. Why hire thousands more now and have to lay them off when we don't have the same profit margins. Or would you propose we pass that on to consumers? There is definately uncertanty as there is still hope that the Supreme COurt will strike the law down...
Case in point, my organization will be hit with a new 40 million dollar yearly tax (my company) to subsidize others Healthcare starting in a few yrs. Why hire thousands more now and have to lay them off when we don't have the same profit margins. Or would you propose we pass that on to consumers? There is definately uncertanty as there is still hope that the Supreme COurt will strike the law down...
Let us start with... How much does your company spend on health care costs today?
Let us start with... How much does your company spend on health care costs today?
No, the Op was about uncertainty. My business will be paying a new tax of 40 million, simply because the administration needed a revenue source (tax of 2.3% on all sales) to help subsidize the new folks entering heatlhcare system. We hope that the bill will go away, simply because that is a new fixed cost. If it does not go away, than we will either not hire, fire more people potentially, raise prices and pass to consumer, or hope we have adidtonal growth. OUr healthcare costs will not change, simply due to the size of our organization and abilty to negotiate a low rate for emloyees. This bill did not affect costs (or reimbursement models) or help us, but expanded coverage.
No, the Op was about uncertainty. My business will be paying a new tax of 40 million, simply because the administration needed a revenue source (tax of 2.3% on all sales) to help subsidize the new folks entering heatlhcare. We hope that the bill will go away, simply because that is a new fixed cost. If it does not go away, than we with either not hire, fire more people potentially, raise prices and pass to consumer, or hope we have adidtonal growth. OUr healthcare costs will not change, simply due to the size of our organization and abilty to negotiate a low rate for emloyees. This bill did not affect costs (or reimbursement models) or help us, but expanded coverage.
If you're using costs for your argument, you should provide the number asked. Try again.
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