A poll of business leaders conducted in November of 2013 details the potential negative effects of the Affordable Care Act on American businesses and employees. The survey, conducted by Public Opinion Strategies on behalf of the IFA and the U.S. Chamber of Commerce, interviewed 414 owners and C-level executives in businesses employing between 40 and 500 people from late September to mid-October.
Business decision makers have already cut full-time positions and raised prices to cover the growing expense of health care expected as a result of changes brought on by the ACA. Notably:
- 64% of franchisee decision makers and 53% of non-franchisee decision makers believe the ACA will have a negative impact on their business.
- 27% of franchise and 12% of non-franchise businesses have already replaced full-time workers with part time employees.
- 66% of franchise employers and 61% of non-franchise employers say that the law is a bad idea.
The survey reveals a bleak outlook among business leaders regarding the health care changes. Of course, there are two sides to every story. While owners may not like the law, their employees may experience some of its benefits more fully. As many of the business-centric parts of the ACA begin to take effect this year, expect to hear more about the impact on business decisions.
To read the full results of the survey, click here.
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