Unaffordable Uncertainty: Affordable Care Act Date: September 26, 2013 by: Nolan Peterson | News Editor More Photos Sarasota buisinessmen John Saputo, Paul Caragiulo, Marc Grimaud and R. Charles Murray all agree that the uncertain effects of the Affordable Care Act rollout have made planning payrolls and budgets a headache. File photos Area businesses report that the upcoming rollout of key measures of the Affordable Care Act (ACA) will be a bitter pill to swallow for their bottom lines. R. Charles Murray, CEO and chairman of Sarasota-based PPi Technologies Group, recently had to make what he called a “horrific decision.” Murray said the anticipated financial burdens of the Affordable Care Act led him to cut new Sarasota hires by half and scrap plans to expand his business in the U.S., in favor of new ventures in Guyana and Tobago. “I’m a proud American,” said Murray, whose international export company recently purchased a $3.75 million, 81,000-square-foot building on Northgate Boulevard in Sarasota as a manufacturing plant and headquarters. “We were looking to double our U.S. employees. But, now, we’re going out of country to build our business. It makes absolutely no sense to burden everyone in the company for the health-care costs of new U.S. employees.” With health-insurance exchanges, the lynchpin of the federal health bill, set to open Oct. 1, and the employer mandate scheduled for 2015, some area businesses like Murray’s are hiring fewer workers and limiting, or even eliminating, health-care benefits they already voluntarily provide for their employees — all in anticipation of higher insurance premiums and new taxes accompanying the health-law’s debut. Cost hikes hurt
Posted on: Sat, 28 Sep 2013 22:40:07 +0000
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