Steel industry iffy on impact of health-care act
Mar 18, 2013 | 02:26 PM
| Samuel Frizell
NEW YORK With just nine months before the Affordable Care Act comes into force and requires all medium- and large-sized companies to provide insurance for their employees, the steel industry is bracing for uncertainty.
An informal poll of steelmakers suggests that most companies will continue to offer their current plans, but that could change as becomes more complicated to provide insurance and perhaps more expensive. There are plenty of questions about how the plan will be enforced and what it will mean financially for companies in the steel industry, from family owned distributors to the biggest mills.
"Right now, its the Were not quite sure how it's going to work health-care act. ... Some things could be good; some things could be bad. But we dont know how this is going to work," Burke Byer, president and chief executive officer of Cincinnati-based rebar mill and fabricator Byer Steel Corp., told AMM.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.