NRF: Retailers "Dismayed" by Affordable Care Act Decision
Posted on June 28, 2012 by
WASHINGTON-The U.S. Supreme Court's decision to uphold the Affordable Care Act has brought a "disappointed" reaction from the National Retail Federation.
In a five-to-four vote, the Court upheld the key provisions of the law, according to press reports. President Obama signed the Affordable Care Act into law in 2010.
In a statement issued this morning, Matthew Shay, NRF president and CEO, said, "The Court missed an opportunity to redress the many shortcomings of the law. 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."
Shay said NRF had worked with lawmakers during the debate over the law to create a bipartisan act. "The law that emerged in 2010 was a controversial and partisan measure riddled with punitive mandates and penalties that were as unreasonable as they were unworkable," he said. He vowed that NRF "will redouble our efforts to repeal the law while we continue to work, in good faith, with regulators to smooth implementation for retailers and businesses alike."