This month marks the third anniversary of the Patient Protection and Affordable Care Act (PPACA) becoming law. And there’s still a lot businesses don’t know about the health reform law.
PPACA has created enormous uncertainty for companies of every size—especially America’s small businesses. Without knowing what taxes, fines, fees, and rules they’ll be subjected to—and without having a lot of guidance on how to comply with all that red tape—it’s hard for business owners to plan. It’s hard for them to invest and hire as well as know how to offer coverage to their employees. On top of that, the law contains $800 billion in higher taxes and hundreds of new regulations and mandates that will drive up costs and eliminate jobs, creating even more instability and uncertainty in our economy.