Bad for business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
It's opening the door to a lot more claims. That means more burdens on employers in terms of in-house costs, keeping more records and outside legal fees. It's going to be costly for businesses.
The Securities Act of 1933 created a serious obstacle to recovery, through its drastic regulation of the issuance of new securities by private enterprise. The Banking Act of 1933 created an additional impediment through the provisions of Section 16 prohibiting the national banks from participating in underwriting securities after June 16, 1934.
Finally, we vigorously oppose proposals that would mandate a minimum benefit package. This requirement goes beyond the problem being addressed and infringes on the right of employers and employees to develop the kind of health care coverage they want and can afford at a time when employers and employees are being very creative in the design and are negotiating a very hard line with the providers and carriers of health care for more cost effective health care plans. Such a requirement would be particularly onerous to small businesses, which have been most severely affected by the recent recession.
AB 606 singles out one industry and places additional requirements on employers in that industry.
