Businesses Applaud Supreme Court Ruling on ACA as Good for Business and the Economy
WASHINGTON, DC (June 25, 2015)—Today, the U.S. Supreme Court House upheld a key element of the Affordable Care Act (ACA). The American Sustainable Business Council, which represents member organizations that span more than 200,000 businesses, issued a statement applauding the ruling. The following statement is by Frank Knapp, Co-chair of the Board of the American Sustainable Business Council (ASBC) and President and CEO of the South Carolina Small Business Chamber of Commerce:
“Today’s Supreme Court ruling on King v. Burwell is a great victory for every business that supports a healthy workforce and affordable health insurance. The ruling preserves what has been a successful government program to make quality health insurance affordable to most Americans and reduce healthcare costs for businesses.
“Had the ruling gone the other way and states not responded appropriately, it is clear that the Affordable Care Act and our entire private sector health insurance system would have gone into a death spiral. However, now 16.5 million individual workers will continue to receive subsidies for health insurance, small businesses will continue to have access to health insurance tax credits and all businesses will have more stable health insurance costs.
“We hope Congress will now concentrate on making needed changes to strengthen the Affordable Care Act instead of continuing efforts to repeal what is now clearly the law of the land.”
The American Sustainable Business Council www.asbcouncil.org advocates for policy change and informs business owners and the public about the need and opportunities for building a vibrant, sustainable economy. Through its national member network it represents more than 200,000 businesses and more than 325,000 entrepreneurs, executives, managers and investors.