NAM board member Tom Easterday was quoted over the weekend in an article by the Lafayette Journal and Courier that discussed the implications of Thursday’s US Supreme Court ruling on the Affordable Care Act (ACA). Easterday, who is the executive vice president of Subaru of Indiana Automotive, pointed out the addition costs that employers will incur as a result of the ACA changes and the impact this will have on our global competitiveness:
“The high cost of health care, government regulations and the highest corporate income taxes among developed nations put U.S. companies at a disadvantage with companies in other countries around the world.”
It is already twenty percent more expensive to do business in the United States when compared to our largest trading partners. Unfortunately, the ACA does not lower health care costs and is just another road block that will make it more difficult for manufacturers to invest in their business and workforce.