The National Retail Federation supports legislation to repeal and replace ObamaCare

Bills Do Not Include Tax on Employer-Provided Health Benefits

WASHINGTON, 2017-Mar-09 — /EPR Retail News/ — The National Retail Federation today (March 7, 2017) said it supports legislation unveiled by House Republicans to repeal and replace former President Obama’s Affordable Care Act.

“Retailers want reforms that push us toward a more competition-driven private health care market, and the ObamaCare repeal-and-replace bills take us in that direction,” NRF Senior Vice President for Government Relations David French said.

“We believe this reform can be achieved without disturbing the tax treatment of employer-provided benefits, which are the foundation of coverage for more than 175 million Americans,” French said. “Employees are highly sensitive to any change in benefits and younger, healthier workers could choose to drop their coverage altogether rather than pay more taxes. We are pleased that House leadership heard our concerns and that their bills do not disturb this structure. We will work with Congress to repeal all threats to employer-based coverage, including the so-called Cadillac tax on health benefits.”

Retailers oppose proposals to cap the current exclusion from taxable income of employer-provided health benefits, and NRF has been working to educate lawmakers on the consequences of taxing health benefits. While House Republican leadership proposed capping the exclusion last June, the provision was not included in the legislation released on Monday. NRF nonetheless remains wary that the concept will emerge in other legislation later this year.

NRF supports efforts to repeal ObamaCare’s employer mandate and to provide the individual and small group markets with interim stability.

“Health benefits are highly sought after, even for small start-up businesses, and greater stability will help create a better functioning market,” French said.

Retailers are also pleased with the reform bills’ focus on market-driven changes to benefit offerings. Greater variation in what is offered and freeing up where it can be purchased would help lower costs through greater competition. Enhancements to health savings accounts, greater state flexibility in rating factors and the availability of catastrophic coverage are all important reforms NRF supports.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:

Robin Roberts
press@nrf.com
(855) NRF-Press

Source: NRF

Pets at Home Group announces Nicolas Gheysens to replace Brian Carroll as Non-Executive Director

Handforth, United Kingdom, 2016-Nov-26 — /EPR Retail News/ — Pets at Home Group Plc, the UK’s leading specialist retailer of pet food, accessories and services, announces that Brian Carroll, Non-Executive Director, will resign from the Board on 2nd December 2016. Mr Carroll has been a Director of Pets at Home since 2011.

Nicolas Gheysens, Director, Private Equity at KKR & Co LP, will replace Mr Carroll with effect from 2nd December 2016.

Ian Kellett, CEO of Pets at Home said: “We are extremely grateful for Brian’s counsel and valuable contribution to the group during his time on the Board, particularly during the IPO process. Nicolas is highly experienced and knows us well, having been a key member of the business since KKR acquired Pets at Home in 2010. Nicolas has also been a Board Observer since IPO. We look forward to his continued contribution to the Board”.

There is no further information to be disclosed under paragraph 9.6.13 of the UK Listing Authority Listing Rules. This announcement contains inside information.

About Pets at Home

Pets at Home Group Plc is the UK’s leading specialist pet omnichannel retailer and services provider. Pets at Home operates from 427 superstores located across the UK. The Group operates the UK’s largest small animal veterinary business with 405 practices, run principally under a Joint Venture model using the Vets4Pets and Companion Care brand names, and four veterinary specialist referral centres. Pets at Home is the UK’s leading operator of pet grooming services offered through its 258 grooming salons. The Group also operates 7 specialist High Street based dog stores, called Barkers. For more information visit: http://investors.petsathome.com/

Investor Relations Enquiries:
Pets at Home Group Plc:
Amie Gramlick, Head Of Investor Relations
+44 (0)161 486 6688

Media Enquiries:
Pets at Home Group Plc:
Brian Hudspith, Director Of Corporate Affairs
+44 (0)161 486 6688

Maitland:
Rebecca Mitchell, Tom Eckersley
+44 (0)20 7379 5151

Source: Pets at Home Group