RNC Research

According To Manufacturers In A National Association Of Manufacturers/IndustryWeek Survey, ObamaCare “Has Had A Highly Negative Impact Beyond The Health Care Market.” “The survey results strongly state that the ACA has had a highly negative impact beyond the health care market, and manufacturers’ concerns are unlikely to fade.” (Chad Moutry, “Manufacturers Cite Health Care As Top Concern In NAM/IndustryWeek Survey,” IndustryWeek, 12/9/13)

“Skyrocketing Health Care And Insurance Costs Retained Their Ranking As The Top Business Challenge For Manufacturers, Cited By 77.2% Of Respondents.” (Chad Moutry, “Manufacturers Cite Health Care As Top Concern In NAM/IndustryWeek Survey,” IndustryWeek, 12/9/13)

According To The Survey, “90.6 Percent Of Manufacturers Said Their Health Insurance Premiums Had Increased.” “Most importantly, 90.6% of manufacturers said their health insurance premiums had increased. Beyond that, some of these firms have also had to increase employee copays (58.6%), reduce coverage (27.7%) and/or change insurance providers (17.6%) to lower their costs.” (Chad Moutry, “Manufacturers Cite Health Care As Top Concern In NAM/IndustryWeek Survey,” IndustryWeek, 12/9/13)

• Manufacturers Will Endure An Average Increase In Health Care Costs Of 8.8 Percent In 2014.” “Even after taking these steps, the average increase in health insurance costs within the manufacturing sector for 2014 was 8.76%, with just more than three-quarters of respondents saying their increase was at least 5.0%.” (Chad Moutry, “Manufacturers Cite Health Care As Top Concern In NAM/IndustryWeek Survey,” IndustryWeek, 12/9/13)

ObamaCare Has Also “Placed A Roadblock In Manufacturers’ Efforts To Invest And Grow.” “According to the survey, the ACA and the accompanying uncertainties have had effects that extend well beyond premium payments and have placed a roadblock in manufacturers’ efforts to invest and grow.” (Chad Moutry, “Manufacturers Cite Health Care As Top Concern In NAM/IndustryWeek Survey,” IndustryWeek, 12/9/13)

• Manufacturers Have Stopped Hiring, Reduced Business Investment, And Have Reduced Hours Due To The Law. “When asked about how these uncertainties have impacted their business, nearly one-third said they had reduced their outlook for 2014, and a sizable percentage had reduced employment or stopped hiring (23.1%) and/or reduced or slowed down their business investment (20.2%). While some industry sectors have reduced hours for their employees, a relatively small number of manufacturers have done so as a result of the ACA (7.9%).” (Chad Moutry, “Manufacturers Cite Health Care As Top Concern In NAM/IndustryWeek Survey,” IndustryWeek, 12/9/13)