This strategy is a blueprint for competitiveness that will unleash the economy and manufacturing’s outsized multiplier effect. Importantly, manufacturers’ aspirations—the four goals laid out in the pages that follow—are ones that all Americans who want to maintain our country’s economic advantage can rally around.
Manufacturers: Affordable Care Act Won’t Lower Costs
Costly Law Must be Replaced by Common-Sense Solutions to Address Our Health Care Challenges
07/11/12 - National Association of Manufacturers (NAM) President and CEO Jay Timmons issued this statement today urging the House of Representatives to support H.R. 6079 to repeal the 2010 Patient Protection and Affordable Care Act and health care–related provisions in the 2010 budget reconciliation law:
“Our nation sits at a real crossroads as our economy stalls once again and businesses face much uncertainty ahead. Rising health care costs and the enactment of the Affordable Care Act do not help.
Ninety-seven percent of NAM members provide health care benefits to their employees, but their costs keep rising, making it unsustainable and difficult to create jobs. Manufacturers continue to believe Congress must repeal this law and start over with legislation that will truly lower costs and address the inefficiencies in the system.
The previously passed Affordable Care Act will only impose large tax increases and burdensome regulations. In turn, this will force companies to make a decision about possibly abandoning the generous benefits they currently offer their employees. Specifically, manufacturers would like to see policies that implement legal liability reform and enhance competition by allowing the sale of insurance across state lines, as well as focusing on preventative medicine that will reduce rising costs.
Friday’s unemployment numbers are a stark reminder that Americans are desperate for jobs, but policies in Washington are not helping. Manufacturers urge Congress to take a big step toward reducing uncertainty by repealing the onerous Affordable Care Act.”
Click here to read the NAM’s Key Vote letter.