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RAPAPORT... The National Retail Federation (NRF) released a statement from its president, Matthew Shay, following the Supreme Court's decision on the Affordable Care Act moments ago. The NRF vowed to redouble its efforts to repeal the law, while it continues to work with regulators to smooth implementation for retailers and businesses alike, according to the organization. Shay said, “As the voice of retailers of all types and sizes, we’re disappointed by today’s ruling. The court missed an opportunity to redress the many shortcomings of the law. “As it stands, the law wrongly focuses more on penalizing employers and the private sector than reducing health costs. For these reasons, NRF has been a consistent skeptic of the Affordable Care Act. “NRF worked closely with lawmakers throughout the debate with the hopes that bipartisan reform would help make coverage more accessible and affordable. The law that emerged in 2010 was a controversial and partisan measure riddled with punitive mandates and penalties that were as unreasonable as they were unworkable,'' he added. Shay concluded that the law has many problems in that is ''penalizes employers too much; it doesn’t do enough to reduce the cost of health care; and it is unreasonably complicated and difficult to implement and administer. “This law will have a dramatic, negative impact on every employer and employee in the United States and further constrain job creation and economic growth,'' Shay said.
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