Report: Obamacare Not Denting Corporate Profits
Click here for reuse options!The Patient Protection and Affordable Care Act — otherwise known as Obamacare — is putting such a small dent in the profits of U.S. companies that many refer to its impact as “not material” or “not significant,” according to a Bloomberg review of conference-call transcripts and interviews with major U.S. employers.
That’s even after a provision went into effect this year requiring companies with 50 or more full-time workers to provide coverage, and after more workers are choosing to enroll in existing company coverage because of another requirement that all Americans get insured.
“It’s just part of doing business,” said Bob Shearer, chief financial officer of VF Corp., which owns the North Face and Vans apparel brands. “Obamacare has added costs, but not so much that we felt we had to talk about it specifically.”
The collective shrug from the nation’s biggest employers undermines the arguments of Republicans, who call the law a job-killer as they seek its repeal.
Copyright 2015 Liberaland
22 responses to Report: Obamacare Not Denting Corporate Profits
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tiredoftea February 19th, 2015 at 19:23
That cagey socialist usurper strikes again!
tracey marie February 19th, 2015 at 19:29
damn kenyan
tiredoftea February 19th, 2015 at 22:52
IKR??!! That commie is collapsing our capitalist economy by improving it. How dare he!
tiredoftea February 19th, 2015 at 20:23
That cagey socialist usurper strikes again!
tracey marie February 19th, 2015 at 20:29
damn kenyan
tiredoftea February 19th, 2015 at 23:52
IKR??!! That commie is collapsing our capitalist economy by improving it. How dare he!
burqa February 19th, 2015 at 19:31
One hopes Red Eye Robot (not Eric Harley – the other guy) sees this.
It’s funny listening to their show when they cover economics.
When the economy does well under the policy o a Democratic Party president, they claim a presiden’t economic policy has no effect on the economy.
But when the economy does better under a Republican, they will insist that a president’s economic policy has a major effect.
Then they tell us how consistent they are and how no one has ever debated them on the point…
William February 19th, 2015 at 19:54
Don’t you wish you had saved all the troll rhetoric about the impending doom right after the ACA passed?
Ronald L February 19th, 2015 at 20:22
… and Obama collapsed the economy, even before he was elected.
burqa February 19th, 2015 at 20:31
One hopes Red Eye Robot (not Eric Harley – the other guy) sees this.
It’s funny listening to their show when they cover economics.
When the economy does well under the policy o a Democratic Party president, they claim a presiden’t economic policy has no effect on the economy.
But when the economy does better under a Republican, they will insist that a president’s economic policy has a major effect.
Then they tell us how consistent they are and how no one has ever debated them on the point…
William February 19th, 2015 at 20:54
Don’t you wish you had saved all the troll rhetoric about the impending doom right after the ACA passed?
Ronald L February 19th, 2015 at 21:22
… and Obama collapsed the economy, even before he was elected.
Obewon February 19th, 2015 at 19:41
Report: Repubs Lied About Obamacare and Everything Else Too!
Obewon February 19th, 2015 at 20:41
Report: Repubs Lie About Obamacare and Everything Else Too!
William February 19th, 2015 at 19:48
What you mean all the physicians didn’t leave their profession and the ACA didn’t bankrupt the nation?
William February 19th, 2015 at 20:48
What you mean all the physicians didn’t leave their profession and the ACA didn’t bankrupt the nation?
Ronald L February 19th, 2015 at 20:21
I remember idiot conservative talk show hosts predicting a total collapse of the economy.
Ronald L February 19th, 2015 at 21:21
I remember idiot conservative talk show hosts predicting a total collapse of the economy.
Ronald L February 19th, 2015 at 20:36
I hope somebody is tracking how Obamacare affects small business creation.
I believe that “Conservacare” was preventing lots of potential entrepreneurs from starting a business because health-care premiums were brutal.
Ronald L February 19th, 2015 at 21:36
I hope somebody is tracking how Obamacare affects small business creation.
I believe that “Conservacare” was preventing lots of potential entrepreneurs from starting a business because health-care premiums were brutal.
veggiedude February 20th, 2015 at 01:58
Lets face it. The GOP hates America. They have done everything they could to wreck it so they could say “told you so” and they failed. Badly.
veggiedude February 20th, 2015 at 02:58
Lets face it. The GOP hates America. They have done everything they could to wreck it so they could say “told you so” and they failed. Badly.