Tag

Red Tape

All articles tagged with #red tape

business2 years ago•2 min saved

The High Cost of Washington's Red Tape on Manufacturers: $30K+ per Employee

According to a study by the National Association of Manufacturers (NAM), government red tape costs manufacturing companies in the US almost $30,000 per employee in 2022, with small manufacturers facing an even higher price of $50,000 per employee. The study estimates that red tape costs the entire economy over $3 trillion annually, with the manufacturing industry bearing roughly $350 billion of that burden. NAM is calling for changes in regulation and urges the Biden administration to take action to reverse the trend, as regulations are hindering job creation and the growth of manufacturing in America.

via Yahoo Finance|

#business #cost #manufacturing

energy2 years ago•5 min saved

Energy Projects Stalled by Red Tape, EPA Overwhelmed with CCS Applications, and Concerns over Abandoned Renewables

New research by Americans for Prosperity reveals that dozens of energy projects across six states in the U.S. have been significantly delayed, some for over a decade, due to a cumbersome permitting process and environmental regulations. The projects include traditional and green energy initiatives that could lower costs and enhance energy security. The study highlights the negative economic impacts of these delays, such as rising utility bills and prices at the pump. The research emphasizes the need for Congress to implement permitting reforms and end top-down policies that hinder energy production.

via Fox News|

#americans-for-prosperity #energy #energy-projects

healthcare2 years ago•4 min saved

"Red tape causes majority of Georgia's Medicaid loss in children"

In Georgia, concerns about the impact of Medicaid expulsions on children have been confirmed, as 71% of state residents who lost insurance coverage in June were children and teens. Many families may not realize their children have lost Medicaid until they are turned away at the doctor's office. Georgia canceled the health insurance of over 67,000 children and teens, with 63,000 dropped due to parents or guardians not filing the necessary application. Advocates fear that these families are unaware of the loss of coverage, leading to a potential healthcare crisis, particularly for chronically ill children.

via The Atlanta Journal Constitution|

#children #georgia #healthcare

business2 years ago•3 min saved

Big insurance companies halt new policies in California, leaving families vulnerable.

Insurance companies are fleeing California due to government bureaucracy and over-regulation, leaving families and small businesses grappling with dwindling options and skyrocketing prices. State Farm, the nation's largest property insurer, has announced it will no longer sell home-insurance policies in California, following a similar call by insurance giant GEICO last year. The California Department of Insurance is wildly powerful, essentially deciding what policies companies sell, what price they charge, and their day-to-day operations. This is a crisis of the state's own creation, with its consequences borne disproportionately by families and small businesses.

via Fox Business|

#business #california #competition