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 Although the ACA has some positive aspects, we believe the act should be repealed and redone to benefit business and consumers alike.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
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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%.
Many people believe healthcare reform is a bad idea and that the government should stay away from healthcare. However, there are many other people who believe that it is a great thing that the government got involved, and created programs to register for mandatory health-care. In, “Healthcare Reform 101”, author Rick Panning discusses some of the main goals of the Affordable Healthcare Act, which are universality, financing, cost reduction, payment reform, quality and process improvement, prevention and wellness.
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: 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.
About the Law. Retrieved from http://www.hhs.gov/healthcare/about-the-law/index.html The ACA reduced the Medicare provider reimbursements for Medicare patients, what are your thoughts on this? I think it will affect the new Medicare patient more than the Medicare patients that are already established with a provider, I think you will find more and more providers stating they are not accepting new patients to get around accepting a new Medicare patient.
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
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.
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 is a United States statue signed into law by President Obama in March of 2010. It represents the most significant improvement to the U.S. healthcare system since 1965 with the addition of Medicare and Medicaid. Also known and commonly referred to as Obamacare, it was enacted to increase the affordability and quality of health insurance, diminish the rate of the uninsured by expanding public and private insurance coverage while reducing the cost of healthcare for individuals and the government. This law will require Hospitals and doctors to reconstruct financial practices along side with technologically and clinically to advance better outcomes, reduce cost and improve methods of accessibility.
“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
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
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.