Chief executives surveyed by a unit of PricewaterhouseCoopers L.L.P., New York, think the federal Patient Protection and Affordable Care Act (PPACA) could make a significant impact on their businesses.
According to the survey by Pricewaterhouse (PwC), 47% of executives said PPACA may have a notable financial impact on their company. However, 31% said they thought it was too soon to tell how the act’s provisions would affect their companies. And 20% did not anticipate a notable financial impact
Companies that do not expect a big financial impact also forecast above-average revenue growth, compared with the other companies surveyed, PcW reports.
The survey also found 70% of top executives have begun reviewing their healthcare benefit plans in light of the act, but 55% have not yet determined what changes need to be made to their plans. Only 15% have started to take action.
PwC surveyed 224 chief executive and chief financial officers–125 from companies in the product sector and 99 in the service sector. Their companies averaged $256.7 million in revenue.