Introduction A. The Affordable Care Act (ACA), also known as The Patient Protection and Affordable Care Act (PPACA), was created in 2010 under the President Obama administration. It is designed to reform the current healthcare system by offering more health insurance options at affordable rates. The reform aims to provide individuals with more health insurance options, alleviate out of pocket costs, and prevent gender discrimination. The basis of providing millions of Americans with quality health insurance options greatly benefits a majority of individuals. Although the ACA has some positive aspects, we believe the act should be repealed and redone to benefit business and consumers alike. I. The ACA has negative effects on states, hospitals …show more content…
The fine for not providing health-care coverage is $2,000 per full-time employees. 2. The fine increases to $3,000 per full time employees who receive cost assistance if only a handful of employees aren’t covered or if the coverage doesn’t meet the minimum values. 3. The fee is on a monthly basis, approximately 1/12th of the annual business expenses. These types of costs can be detrimental for a small business. B. The higher costs will hurt small businesses in a variety of ways. They will have to resort to other means of raising money to pay the expenses which will be caused by Obamacare. The easiest and quickest solution will be to reduce employee hours. Some companies may decide to stop providing healthcare completely. 1. Businesses are forced to pay even more for their health plans. a. Employers are reducing workers’ hours to avoid paying their insurance plans or pay the Act’s fine. b. 30 hour-work weeks would cause the penalty. c. Limiting an employee’s hours ill lead to lower salaries. d. Less hours and lower salaries hurt employee attitudes, resulting in lower productivity. 2. Businesses may tempted to stop providing healthcare options completely. 3. These outcomes would not fulfill President Barrack Obama’s promise that the Affordable Health care would save small businesses …show more content…
The Affordable Care Act doesn’t create a competitive insurance market – as promised. A. The new health was created to bridge the gap between patients and providers. However, 20% (1 in 5) of Americans live in areas with shortages of primary care physicians. Customers are facing the unfortunate reality of calling multiple providers in their networks and being informed that physicians are not taking new patients. 1. With little to no success, states try to mandate insurance companies to increase the number of doctors and hospitals in
The Affordable Health Care Act, also known as “Obamacare”, is basically just Obama trying to make sure that the whole nation has insurance and if they do not have it by January 1, 2014, they will be penalized with a fine. To make insurance more affordable, many Americans are able to qualify for a subsidy that lowers the cost depending on age and income. Also, “Obamacare” made it impossible for insurers’ to discriminate, or charge higher rates, for anyone who has pre-existing conditions or for a certain gender. Medicare will also be easier to obtain due to requirement of insurance. This law was passed in the U.S. on March 23, 2010 by Congress and President Barack Obama.
The accessibility to health care due to the Affordable Care Act has saved so many lives, more than we can count. Furthermore, every beneficial concept has cons attached to it. The Affordable Care Act was also the cause of many workers losing their employment-based
The Affordable Care Act or “Obamacare” has constituted one of the most important topics since its implementation in 2010. Since 2010, the fate of the Patient Protection and Affordable Care Act (ACA) has been uncertain. The ACA was a historic achievement for the Obama administration and Congressional Democrats. But it passed Congress without a single Republican vote, and the GOP subsequently mounted legal and legislative challenges to Obamacare, vowing to repeal and replace it. (Oberlander, 2012, p.2165).
“Healthcare Reform 101,” written by Rick Panning (2014), is a wonderful article that describes, in an easy-to-understand language, the Patient Protection and Affordable Care Act, signed into law March 23, 2010. The main goal of the Patient Protection and Affordable Care Act was to provide affordable, quality healthcare to Americans while simultaneously reducing some of the country’s economic problems. Two areas will be covered throughout this paper. The first section will include a summary of the major points and highlights of Panning’s (2014) article, including an introduction to the ACA, goals of the signed legislation, provided coverage, and downfalls of the current healthcare system. The second part will be comprised of a professional
From an uninformed, simple perspective, one would understandably summarize the logic of the provision by assuming the act aims to influence people to spend the money on health insurance to avoid the tax penalty. Or, purchase the insurance since potential customers are going to pay and get nothing for their money if the fee is chosen. The individual mandate does indeed attempt to influence American’s behavior but is also chopping at a larger characteristic of the insurance markets. The provision attempts to reduce what is called “Adverse Selection.” To describe the force adverse selection exerts on the insurance market imagine the following situation regarding the loosely similar automobile insurance market.
Base your answer on the information from the article. The ACA has successfully accomplished their goal by making healthcare accessible to everyone. Unfortunately, the cost remains high and most Americans are unable to afford insurance. This rationality is due to healthy American’s unable to qualify for premium tax credit and an increase in their premiums.
According to the Brooklyn Institution, “36,000 people will die if the ACA is repealed” (Himmelstein par. 3). In other words, without the ACA, many people won’t be able to afford insurance plans, resulting in millions of people left uninsured. Employees would have to pay for their own health insurance as businesses can opt out of providing health insurance, leaving many workers with less freedom and a higher chance of going in debt. Originally the ACA forced many insurers to give insurance to those who couldn’t afford it. However, without the mandate or the reinforcement of law, many employers choose not to give health insurance to those who earn the low income.
The Affordable Care Act: The Good, The Bad, and The Confusing Healthcare is important. Without it, people would not have the adequate means to acquire treatment for illness or injury. However, the United States does not have universal health care for everyone, nor is means of gaining healthcare affordable for all. To try to solve this problem, President Obama began working on healthcare reform almost immediately after assuming office in 2009.
The ACA expects everyone to sign up for insurance, and if you don’t have insurance you will be fined on your income tax. What about those families that are just barely making it, but are not able to qualify for Medi-Cal, the money it takes to pay for insurance maybe the money they need to feed their family or pay for gas. I think that someone who is working hard and trying to make a living should be given more consideration when it comes to determining how much they need to pay for insurance what are your thoughts on
A Second Look at the Affordable Care Act David E. Mann, ABA American Military University POLS210 Abstract Since the passing of the Patient Protection and Affordable Care Act (PPACA), twenty-eight states have either filed joint or individual lawsuits to strike down the PPACA. This document will examine a few key elements that the President of the United States must take into consideration when reviewing the act and moving forward to either ratify the act, replace the act, or leave the act as it is. Topics that will be presented will include; the current issues being debated, two competing thoughts on how to fix the ACA, an evaluation of the preferred solution, and finally the responsibility of each level of government. Patient
Some people are at a ton of risk, such as being old or having a history of poor health. These people in poor health are more expensive to cover simply because they hold more risk for the insurance company as they require more
ACA prohibits discrimination against anyone with preexisting conditions, dropping coverage if you become sick, and limiting your annual or lifetime benefits. Millions of uninsured will get access to affordable high quality health insurance. In order to get money to insure uninsured, net taxes are placed mostly on high earners and the health care industry. (obamacarefacts) The Affordable Care Act will help to improve the well-being and incomes of Americans by increasing coverage and lowering costs of health insurance, helping the rate of uninsured go down.
It works to make health insurance more affordable for Americans, and essentially, improve the healthcare system in the US. But, many people oppose this healthcare act because they believe that the government should not force people to get insured, and pay a penalty for not doing so. However, one has to realise that although they may not have
The affordable care act should stay in effect because even though it may cost more, it regulates private insurance to get more rights and protection for each person. The Affordable Care Act's purpose was to help give access to affordable health coverage to those who are uninsured. Back in 2009, President Barack Obama said," So let there be no doubt: Health care reform cannot wait, it must not wait, and it will not
With the increase of health care premiums, hidden administrative costs, high cost of prescription drugs along with defensive medicines these costs are eating up working the American raises. These are a few reasons working Americans can’t get ahead financially. As of January 1st health care premiums increased twenty-five percent for 2017. Between 2015 and 2016 the increase was about 4%.