The U.S. Supreme Court this morning ruled the Affordable Care Act constitutional, upholding the key provision of the law in a 5-4 decision: the individual mandate provision. Be sure to register for IFA’s tele Town Hall tomorrow with Cong. Tom Price to hear about what the decision means for franchise businesses going forward.
Following this morning’s decision, IFA President & CEO Steve Caldeira released the following statement:
“We are deeply disappointed by the High Court ruling to uphold the Affordable Care Act, which places undue burdens on the franchise small business community. While it may have been ruled constitutional, the law is unworkable, unaffordable and wrong for our country’s small business owners.
“By upholding the law, 3.2 million jobs at franchise businesses continue to be put at risk due to the employer mandate provision, which forces franchise employers with more than 50 full-time equivalent employees to pay penalties, thereby discouraging and disincentivizing the creation of new jobs.
“The Affordable Care Act, and specifically the employer mandate, does not provide solutions to the cost and access issues it set out to address, but rather hurts the employees it aims to assist. IFA will continue to work with Congress to repeal the employer mandate and start over with a health care reform effort that enacts reforms that provide access to care at an affordable cost for franchise small businesses and their employees.”