CEOs: Obamacare stunting economic recovery

Uncertainty surrounding the costs associated with the president’s health care reform law is stunting capital spending and employment, according to a survey of CEOs from across the country.

Nearly four out of 10 executives cited regulatory costs as the chief concern during the next six months. The data comes from a survey, conducted Nov. 4-20, of 120 members of Business Roundtable, a confederation of top U.S. companies.

Generally, participating companies said they were concerned about taxes on so-called “Cadillac” health care plans, premium plans that are widely offered to employees, and efforts to cut costs of medical services. Aside from reforms, CEOs expect the economy to modestly improve during the next six months with sales, capital spending and hiring all expected to rise.

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