Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

CEOs Think Healthcare Reform Could Affect Their Business: Study

X
Your article was successfully shared with the contacts you provided.

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.

-tt


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.