Retailers Support Effort to Repeal Affordable Care Act
WASHINGTON, July 11, 2012 – The National Retail Federation released the following statement from President and CEO Matthew Shay on today’s House vote to repeal the Affordable Care Act:
“At a time when the economy is still struggling to recover, Congress needs to repeal the health care law before it costs millions of Americans their jobs.
“Congress set out to make health care more accessible by making it more affordable. Instead, what we may well get is a perfect storm of unintended consequences that drives up costs so high that many companies likely will be forced to cut back their payrolls or discontinue health care coverage even if it means paying fines. Instead of making health care more available, the Affordable Care Act is likely to cost many workers both their jobs and their health insurance.
“It’s time for Congress to go back to work and come up with true bipartisan health care reform that focuses first on reducing costs and addressing the fundamental flaws of our health care system, rather than destroying jobs and penalizing the very employers who today voluntarily pay for health insurance. As an industry that provides health care coverage for millions of American workers and their families, retail will continue to work with lawmakers to achieve that goal.”
As the world’s largest retail trade association and the voice of retail worldwide, NRF represents retailers of all types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries abroad. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s Retail Means Jobs campaign emphasizes the economic importance of retail and encourages policymakers to support a Jobs, Innovation and Consumer Value Agenda aimed at boosting economic growth and job creation. www.nrf.com | www.retailmeansjobs.com/healthcare