Finance chiefs are no longer worrying about the state of the economy. Now, the effects of the healthcare reform law are keeping them up at night.
That’s the word from Grant Thornton LLP, the firm that recently conducted its biannual survey of CFOs and senior controllers in the banking and financial services industry.
First, the economy. Almost half (48%) of CFOs expect the economy to improve in the next six months — and a full 65% are optimistic about their own company’s prospects.
But finance chiefs expect the healthcare reform law to cause plenty of issues down the road. According to Grant Thornton, 49% of CFOs believe the reform law will decrease their company’s hiring, and more than half (52%) believe it will reduce their company’s growth.
What’s more, finance execs believe reform will force them to take reactionary measures — with 58% saying it will cause them to increase their product pricing.
