Employee’s benefits are the reward for compensating workers. Health benefits are a part of compensation for employees. Organizations globally have complained about the high cost of employees insurances benefits. Due to the high cost in insurance benefits Wellness Programs have been implemented in organization globally. The cost of Health Insurance has become a great factor in organizations throughout the world. There are numerous chronic diseases such as high blood pressure, diabetes, cholesterol and obesity etc., all of which stems from the lack of healthy choices and lack of exercise. Because of poor health habits or chooses employees becomes sick. This causes employees to slow down which decreases their production in the workplace. Absenteeism …show more content…
This research paper will indicate the important of Wellness Programs in the Workplace. One of the most recent extensive studies of workplace wellness programs in the U.S. was conducted by the RAND Corporation in 2013 in an effort funded by the Department of Health and Human Services and the Department of Labour. The report investigates the characteristics of workplace wellness programs, their prevalence, their impact on employee health and medical cost, facilitators of their success and the role of incentives in such programs (n.d.). The results from this research indicated that fewer than half of the employees in the firms surveyed undergo clinical screening which is used to identify employees for interventions. Participation in a wellness program over five years is associated with lower health care costs and decreasing health care use. With these factors this clearly indicates wellness programs are important in the …show more content…
According to The New England of Medicine “Its enactment may constitute the most important event of the Obama presidency and could fundamentally affect the future of health care in the United States. he law has improved the availability of health insurance by means of a variety of mechanisms. First, as of February 15, 2015, when the most recent open-enrollment period ended, 11.7 million Americans had selected a health plan through the health insurance marketplaces. Critical to making that insurance affordable are federal subsidies for which 87% of marketplace customers have qualified.6 The legality of these subsidies in the states where the federal government operates insurance marketplaces is now before the Supreme Court, which is expected to rule on the matter soon”(n.d.). According Insurance Journal “many other employers have similar programs, though there has been debate over how far they can go. While Patient Protection and Affordable Care Act allowed employers to increase financial incentives for employee participation, the Equal Employment Opportunity Commission under President Barack Obama has sued companies, including Honeywell, arguing that they violated the Americans with Disabilities Act”. This is a clear indication that employers can increase financial incentives for employee
The Affordable health care act, popularly known as Obamacare, it’s a law that makes affordable health care available to more Americans since there are million of uninsured Americans and it will be cutting the rising cost of health insurance. Because of this law that grants coverage to everyone, it is increasing the rate of demand and consumer expending, making a great impact in the economy especially to GDP and economic growth. Also, not only there’s an increase in spending but also the labor market has been growing, since the employment rate has been increasing in the health care sector. While providing insurance to every American, it is generating major benefits to the newly insured like improving health, enhancing families security, increasing
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.
“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
Healthy People is an organization that identifies the Nation’s health improvement priorities. Established for more than 30 years, Healthy People is a recognized science-based national health objective that focuses on monitoring progress, motivating action, and the guiding efforts to improve health across the country (Center for Disease Control and Prevention (CDC), 2011). Also, Healthy People 2020 locates nearly 1,200 objectives in the preparation of 42 topic areas of which each represents an important public health area. Consequently, the aims of Healthy People 2020 Progress Reviews are to provide health officials and the public with information on the current status of the objectives within each of the Healthy People 2020 topic areas. Therefore, the health officials include the Assistant Secretary for Health, senior Health and Human Services (HHS) officials and Healthy People 2020 stakeholders (Center for Disease Control and Prevention (CDC),
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.
This gives people who don’t have jobs or don’t have enough to support themselves and a chance for efficient and affordable health insurance. The estimated “employment-population ratio edged up to 59.8 percent over the month in February” said in the article United States Unemployment Rate. This will also help the state get another way to sell a better health care option. The Affordable Care Act is also called ObamaCare due to the change in presidency, Obama signed for the Patient and Affordable Care Act will ensure people that “ObamaCare’s many protections ensure that you can’t be dropped from coverage when you get sick or make an honest mistake on your application.” So President Obama gives the opportunity for people that may be sick and overworked themselves trying to save money, just to ensure they have money to pay for their medical bills.
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 Care Act: Bad For Some, Great For Millions For sometime, many US citizens have not had the resources to acquire an adequate health insurance plan. Although faced by many oppositions, the US government has found a solution, The Affordable Care Act. The Affordable Care Act, also known as “Obamacare”, is a US healthcare reform law that focuses mainly on providing more Americans with access to an affordable health insurance. The Affordable Care Act is said to expand the affordability, quality, and availability of private and public health insurance through consumer protections, regulations, subsidies, taxes, insurance exchanges, and other reforms. Signed into law by President Obama in March 2010, hence the nickname “Obamacare”, the
The most memorable thing about a hospital is the smell. The sterile scent of rubber gloves and antibacterial cleaner was an all too familiar part of my childhood as I spent years swinging my feet nervously in waiting room chairs, waiting to be admitted into Children’s Healthcare of Atlanta time and time again. As my life became a series of being poked and prodded with needles for blood tests and IVs, having lead bibs placed on my chest for X-rays, and hearing the dreaded “How are you feeling today?”, the familiar aroma became a stench. Spending days in a hospital bed instead of in the classroom with my friends at school became taxing on my body and mind, and watching the toll it took on my mother who sat in the chair beside me was even more
Healthcare disparities are a significant issue in the U.S. with factors such as quality of care, access to care, and insurance playing a role in discrepancies. Statistics have shown that healthcare disparities have improved but are still an issue in the United States. These disparities have been improving throughout history with efforts made by Presidents Bill Clinton and Barack Obama. The leading cause of the disparities is insurance coverage. The current intervention being used is the ACA, which was put into place by President Obama.
The wellness of a human being has been broken down into five sections. These sections are: emotional wellness, intellectual wellness, physical wellness, social wellness and spiritual wellness. I think my strongest section for my personal wellness is my emotion, intellect and physical wellness. However, my weakest sections are social wellness and spiritual wellness. I believe that my emotional wellness is my strongest section.
Employment provides the financial security which a person can use to live a happy and healthy lifestyle. This is further enhanced when the work is good for example the hours of work are such that a person can have more family time and exercise. This can result in improved health outcomes of an individual. The condition of lower-status work tends to be poorer than higher status work. A flexible workforce is seen as good for economic competitiveness but brings with it effects on health (Benach & Muntaner, 2007).
Article Critique This paper critically analysis the article of “Considerations for Employee Benefit Programs that Benefit Employers and Employees” by Lee Polk (2015). Polk, L. (2015) describes that main advantage of employee benefit plans related to recruitment and retention that are beneficial to both employers and employees. From reading this article this author goes into detail about how employers are facing challenges in the marketplace, some of these challenges that employers face is how to retain employees (Polk, 2015, p45). The main purpose of this article is to acknowledge the benefit plans for employees.
Since these benefits are similar to others in the market, it might give candidates a feeling that we only provide what is required by the labor market. Indeed, we want to demonstrate that we care about employee’s well-being, and we will take care of employee’s concerns so that they can focus better on their
1. PURPOSE The purpose of this case study is to clearly identify the roles and relationships within the compensation management division in human resources. While identifying the roles and relationships within the compensation division the following are to be considered; traditional bases for pay, incentive pay, and employee’s performance appraisals in correlation to compensation/benefits. Additionally, evaluating the compensation/benefits division there are certain required and discretionary benefit laws that govern employer-sponsored retirement and health insurance plans which require review for employee satisfaction.