Atlanta, Georgia (PRWEB) April 08, 2013
According to a recent poll conducted by Habif, Arogeti & Wynne, LLP(HA&W) and The McCart Group, the aspect of health care reform that most concerns Georgia businesses is government interference in the private sector. The poll found that 33 percent of respondents agree.
Small- to mid-sized companies are worried about the increased government interference in health care. Today, the Affordable Care Act (ACA) is a hot topic of discussion for companies of all sizes, across industries, as companies determine the best health care solution for their employees and the bottom line. At the executive level, the discussion is around finding the affordable insurance option that meets the mandated minimum coverage requirement for employees.
Concerns about health care reform range from offering competitive coverage to worry about private insurers ceasing operation. The poll uncovered that:
- 33 percent of respondents were concerned about government interference in the private sector;
- 31 percent of respondents worried about increasing health insurance costs;
- 17 percent of respondents were concerned about the impairment of their business to offer competitive health care coverage to employees and,
- 12 percent of poll respondents were most concerned about private insurers ceasing to operate rather than being forced to cover participants they otherwise would not.
In a write-in answer to the poll, one respondent noted: “My greatest concern is that media information is confusing and biased, making an accurate assessment of the ACA difficult.”
“To deal with the uncertainty ahead companies will need to educate their employees on the changes that will occur under the ACA in order to minimize backlash,” said Richard Kopelman, CEO and managing partner at HA&W. “In addition, we’ve found that companies are looking for outsourced options or they are going to increase staff in the human resources department to deal with the increased paperwork and regulations associated with health care reform. Either way, cost of compliance will go up.”
This paper-based poll was conducted during a recent seminar on the impacts of the Affordable Care Act co-hosted by HA&W and The McCart Group. The sample pool was 90 C-level executives from small- to mid-sized companies across Georgia.
“The Affordable Care Act is redefining how the individual insurance market is priced,” said Tommy Lee, senior tax manager at HA&W. “Implementing the requirements under the ACA will cost companies more, but not providing the minimum coverage is bad for business. Your competitors will be offering health insurance.”
For more information about the impact of the Affordable Care Act on your company, contact Tommy Lee at tommy.lee(at)hawcpa(dot)com or 770-353-7170.
About Habif, Arogeti & Wynne, LLP:
Today the pace at which work gets done is faster than ever before, and when companies manage that pace by surrounding themselves with the right people, sustainable success happens. That’s why the Southeast’s most recognizable businesses continue to select Habif, Arogeti &Wynne LLP as their accounting, audit, tax and consulting firm of choice. Companies looking to increase profitability, streamline processes that improve financial reporting, and reduce the time and costs associated with audits, tax planning and compliance choose HA&W. Quicker answers, avoiding unforeseen pitfalls, becoming a better business for the long-run. These are just a few of the benefits clients routinely experience when working with HA&W. Starting up, growing or getting ready to transition? Operating locally, nationally or globally? HA&W gets you where you want to be. Be Successful.
Reach out to HA&W at http://www.hawcpa.com.