If recent court decisions lead to the repeal of the Obama health care plan, don't expect chief financial officers to cry.

This is because most of them think it is a bad law.

According to the latest quarterly survey of CFOs conducted by Financial Executives International (FEI) and Baruch College's Zicklin School of Business, 59 percent of US CFOs surveyed felt that the law has impacted the country negatively.

Just 17 percent believe the impact of the reform has been positive.

Nearly one quarter (24 percent) felt there was no impact.  

US CFOs had an even stronger opinion when it came to the effects of the bill on their own companies.

Just four percent felt it was showing a positive impact for their business.

However, nearly two-thirds (64 percent) felt the impact was negative. Nearly a third (32 percent) of those respondents observed no impact toward their businesses since it was passed last year.

What's more, many are taking actions to offset the added costs to their businesses.

While the average increase in costs related to the healthcare bill was only five percent, nearly half of US CFOs (49 percent) said that they had to increase the employee co-pay, 21 percent reported a reduction of benefits for employees, and 17 percent have decreased the quality of their healthcare packages.

A third of CFOs have taken no actions to offset expenses.