The National Retail Federation said today that it is disappointed that the U.S. Supreme Court upheld the constitutionality of the Affordable Care Act.
“The Court missed an opportunity to redress the many shortcomings of the law,” NRF CEO Matthew Shay said in a press release. “As it stands, the law wrongly focuses more on penalizing employers and the private sector than reducing health costs. For these reasons, NRF has been a consistent skeptic of the Affordable Care Act.”
The NRF said ACA penalizes employers too much, doesn’t do enough to reduce the cost of health care and it is unreasonably complicated and difficult to implement and administer. NRF added that the law will have a dramatic, negative impact on every employer and employee in the United States, and further constrain job creation and economic growth.
Meanwhile, the Retail Industry Leaders Association said in a press release that retailers are committed to continuing to provide health coverage to their employees, and overregulation jeopardizes their ability to do so.
“President Obama repeatedly assured Americans that if they liked their health insurance, they could keep it,” RILA president Sandy Kennedy said in the release. “However, today, with just 17 months until the law takes effect, and no meaningful implementation guidelines available for employers, those assurances are in doubt.”