The Supreme Court put to rest one of the biggest questions in
Washington Thursday, but uncertainty still looms large over businesses
navigating a rocky economy.
The problem of uncertainty has been repeatedly cited as a reason the economy has failed to gain major speed, as businesses stay on the sidelines when it comes to further investments and hiring. When the nation’s highest court narrowly upheld the president’s signature legislative achievement, it finished up its work on one of the most contentious fights in Washington.
At least for the time being, businesses can now move ahead knowing that
the healthcare law is not in immediate danger of being pulled from the
books, and can take steps to fall in line with its new requirements.“For
the last two years, we’ve been in limbo,” said Amanda Austin, director
of federal public policy for the National Federation of Independent
Business (NFIB). “It’s a very sobering effect today.”
But even with the court laying down the law, there still remain plenty of questions waiting for answers surrounding the healthcare overhaul.
For one, businesses still need to wait to see how regulators will draft a slew of rules implementing the law, and exactly how its requirements will be made a reality.
“Of course, there is less uncertainty in the sense that we know the answer,” said Maria Ghazal, vice president and general counsel for the Business Roundtable. “But there’s still a lot of work to be done.”
Read more: http://thehill.com/blogs/on-the-money/1007-other/235785-despite-high-court-ruling-businesses-still-face-uncertainties-over-healthcare-law
The problem of uncertainty has been repeatedly cited as a reason the economy has failed to gain major speed, as businesses stay on the sidelines when it comes to further investments and hiring. When the nation’s highest court narrowly upheld the president’s signature legislative achievement, it finished up its work on one of the most contentious fights in Washington.
But even with the court laying down the law, there still remain plenty of questions waiting for answers surrounding the healthcare overhaul.
For one, businesses still need to wait to see how regulators will draft a slew of rules implementing the law, and exactly how its requirements will be made a reality.
“Of course, there is less uncertainty in the sense that we know the answer,” said Maria Ghazal, vice president and general counsel for the Business Roundtable. “But there’s still a lot of work to be done.”
Read more: http://thehill.com/blogs/on-the-money/1007-other/235785-despite-high-court-ruling-businesses-still-face-uncertainties-over-healthcare-law
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