Final Thoughts

While attending the ASD meeting in Cleveland last week, SMU reporter, Sandy Williams heard a steel service center discussing the impact of Obamacare on their company which is located in Ohio, “Because Obamacare healthcare and some of the laws, quite frankly, in the State of Ohio, we are now forced to go to temporary employees because we are at the 50 employee threshold. Up to three years ago our employees paid none of their health costs. Today they pay 15% of their health care costs.  We want to hold them at 15%. We don’t want to overburden our employees with healthcare. The insurance companies have to be regulated, they have come to us because we have two employees with serious cancer problems and are threatening not to rate us, not to sell us.”

Invitations for the next SMU steel market survey will be sent out on Monday morning at 8 AM ET.  If you receive an invitation please take a few moments to click on the link and respond to our online questionnaire.