When a Presidential election is approaching American businesses try to predict what the impact will be if either side prevails. It is often a difficult path to predict because there are a lot of variables including, for example, control over Congress, the state of the overall economy, the response of the Fed to the January 2021 economy, etc. As we all know, the single most impactful sector of our economy revolves around our healthcare system and it is a sector that will produce the most plans by candidates and the most policy differences. So, a CEO developing a long-term budget and growth plan will have to factor in what his expense level will be in providing healthcare to his employees. For example, if Bernie Sanders or Elizbeth Warren was to become President the employer could plan over the next five years to phase out the cost of paying his or her employees healthcare but at the same time trying to figure out the cost of what will surely be a raise in taxes. Relationships between the economy and politics is inevitable and companies must anticipate and plan which way the political winds are blowing. – Ed Rendell.
Presenter: Gov. Edward G. Rendell
Recorded at Business Law Institute 2019 – Nov. 21, 2019
The following sessions from Business Law Institute 2019 are available on demand: