STATEMENT: Affordable Care Act Will Have Negative Impact on the Roofing Industry
|PR Newswire Association LLC|
"The Affordable Care Act (ACA) is a fatally flawed law that fails to control rising health care costs and contains numerous taxes, fees and mandates that are increasing costs for employers and workers, thus threatening economic growth and job creation in the roofing industry. By mandating expensive minimum benefits and mandating complex new regulatory requirements for many employers, the ACA is increasing costs, driving up health insurance premiums and reducing affordable choices for businesses and workers.
"The ACA is threatening to dismantle multi-employer health and welfare funds that provide affordable, high-quality health care to roofing workers and their families by imposing substantially higher costs. The funds' costs are increasing because of the various benefit mandates and regulatory requirements. Even more damaging is the ACA's so-called temporary reinsurance tax, which is costing every health and welfare fund
"Another concern is the new health insurance tax authorized by the ACA, which will adversely affect workers and employers in all fully insured health plans. This egregious tax is estimated by the
"The roofing industry will suffer as employers of all sizes, workers, and health and welfare funds experience significantly greater regulatory burden, more government-mandated paperwork and reporting requirements, fewer choices in health care and no mechanism to control costs. We need reform that would truly control rising costs and expand affordable coverage to Americans, but the ACA does not and will not accomplish these goals. The ACA will only serve to increase government regulation, increase taxes and reduce choices for employers and workers in the roofing industry."
Established in 1886, NRCA is one of the nation's oldest trade associations and the voice of professional roofing contractors worldwide. NRCA has nearly 4,000 contractors in all 50 states who are typically small, privately held companies, employing an average of 45 people and attaining sales of about 4.5 million per year.