Business experts weigh impact of Affordable Care Act - WJBF-TV ABC 6 Augusta-Aiken News, Weather, Sports

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>>

  • 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.
  • UNC: Former athletes can return to finish degrees

    UNC: Former athletes can return to finish degrees

    Thursday, July 24 2014 1:04 PM EDT2014-07-24 17:04:36 GMT
    UNC Chancellor Carol Folt. (File photo)UNC Chancellor Carol Folt. (File photo)
    University of North Carolina Chancellor Carol Folt announced a new program Thursday that will allow former UNC athletes to return and finish their uncompleted degrees.
    University of North Carolina Chancellor Carol Folt announced a new program Thursday that will allow former UNC athletes to return and finish their uncompleted degrees.
  • Indian teen has 232 'teeth' removed from jaw

    Indian teen has 232 'teeth' removed from jaw

    Friday, July 25 2014 11:23 PM EDT2014-07-26 03:23:39 GMT
    After complaining of pain in his jaw, an Indian teen and his family discovered that he had a severe dental condition - and surgeons pulled 232 "teeth" from his jaw. 
    After complaining of pain in his jaw, an Indian teen and his family discovered that he had a severe dental condition - and surgeons pulled 232 "teeth" from his jaw. 
Powered by WorldNow

1336 Augusta West Parkway
Augusta, GA 30909

Telephone: 706.722.6664
Email: talkback6@wjbf.com

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