{"id":6913,"date":"2014-04-23T02:54:14","date_gmt":"2014-04-23T06:54:14","guid":{"rendered":"http:\/\/ncdata.wpengine.com\/?p=6913"},"modified":"2017-11-02T14:43:41","modified_gmt":"2017-11-02T18:43:41","slug":"obamacare-is-hurting-business-general-electric-says-national-center-for-public-policy-research-quizzed-ge-ceo-jeffrey-immelt-at-company-shareholder-meeting-today","status":"publish","type":"post","link":"https:\/\/nationalcenter.org\/ncppr\/2014\/04\/23\/obamacare-is-hurting-business-general-electric-says-national-center-for-public-policy-research-quizzed-ge-ceo-jeffrey-immelt-at-company-shareholder-meeting-today\/","title":{"rendered":"ObamaCare is Hurting Business, General Electric Says; National Center for Public Policy Research Quizzed GE CEO Jeffrey Immelt at Company Shareholder Meeting Today"},"content":{"rendered":"
Immelt Says There is “A Lot of Uncertainty in Health Care”; Company CFO Blames Downturn in Company’s Health Care Division Directly on ObamaCare<\/p>\n National Center Also Asked GE to Institute a Conscience Guarantee in GE’s Code of Conduct Respecting an Employee’s Right to Engage in Legal Political and Civic Activities, in Light of Mozilla\/Brendan Eich Situation<\/strong><\/span><\/p>\n Chicago, IL<\/em> – General Electric CEO Jeffrey Immelt today doubled-down on acknowledgements by his company that ObamaCare is hurting the business sector, saying in response to a question posed by the National Center for Public Policy Research, “there is still a lot of uncertainty in health care.”<\/span><\/p>\n Immelt’s statement followed a report by GE Senior Vice President and CFO Jeffrey S. Bornstein that a decline in the profitability of GE’s previously-solid health care division over the last two quarters came about because “Hospitals and clinics appear to be delaying purchases and responses to the Affordable Care Act.” Mr. Immelt also has referenced the health care market’s recent “volatility.” <\/span><\/p>\n “ObamaCare’s devastation is so far-reaching that it is now having a tangible, real-world negative effect on one of the world’s largest and most diversified companies,” said Justin Danhof, Esq.<\/a>, director of the National Center’s Free Enterprise Project<\/a>. “As CEO, Mr. Immelt has vast health care experience, yet even he cannot predict what the future of the Affordable Care Act will do to the country or his company.” <\/span><\/p>\n Danhof met one-on-one with Immelt before the shareholder meeting and also asked him two questions during the meeting itself, one on ObamaCare and the other on General Electric’s policy toward legal, personal, outside-of-work political activities in light of the firing of Brendan Eich from Mozilla over his civic activities. <\/span><\/p>\n Audio of Danhof’s question and Immelt’s answer is available here<\/a>; Danhof’s question as prepared for delivery is available here<\/a>. <\/span><\/p>\n