A Brief Note On The Effect On Big Businesses

For the purposes of the Affordable Care Act, any employer that has less than 50 employees is a small employer. There is no mandate for small employers to provide health insurance, however there are incentives available to make providing insurance easier and more affordable.

The act has an advantage or disadvantage. The PPACA promises to reshape the U.S. healthcare system by improving quality, lowering costs and increasing access to affordable healthcare. One way the PPACA seeks to increase access to care is by offering federal matching funds to states allowing them to cover more low-income patients on Medicaid. Individuals with pre-existing conditions who had previously been denied coverage will now have access to new coverage options. Beginning January, 2014, insurance companies will be prohibited from denying coverage to those with pre-existing conditions. The law also makes it illegal for insurance companies to rescind coverage after a patient becomes sick and it eliminates the lifetime limits on insurance

Another component of the PPACA, it promotes public health and prevention of chronic disease. American families will have control of their own health decisions with nutrition and prevention information based. It provides for funds in prevention, public health, disease research, and screening. Small businesses will develop a workplace wellness programs to promote better health for the employees. Local and state governments progress policies to prevent the onset of chronic diseases, obesity, and tobacco use.

The Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) or colloquially Obamacare, is a federal statute signed into law on March 23 2010 (One Hundred Eleventh Congress, 2015). The Act has the unfortunate status of being the subject of of over 54 votes to either undo, amend or curtail the core provisions of the Act (O'Keefe, 2014). The global consulting group McKinsey has described the Act, along with the Health Care and Education Reconciliation Act amended (The Act, 2010). According Singhal (2011), “the U.S. health care reform sets in as the largest change in employer-provided health benefits in

According to the Health Insurance Organization(2015, pg.1) The Affordable Health Care Act, also known as, The Patient Protection and Affordable Care Act (PPACA) –is the landmark health reform legislation that includes a long list of health-related provisions that began taking effect in 2010 and will “continue to be rolled out over the next four years.” Key provisions are intended to extend coverage to millions of uninsured Americans, to implement measures that will lower health care costs and improve system efficiency, and to eliminate industry practices that include rescission and denial of coverage due to pre-existing conditions. This analysis is a question review of some of the many benefits of this Act that are as follows:

The Patient Protection and Affordable Care Act (PPACA) was signed into law by President Barack Obama, on March 23rd, 2010 (Buppert, 2015). This historic piece of health care reform legislation is scheduled for implementation over a four-year period. The legislation was created to make sure that all American residents have access to quality, affordable health care and will create the transformation within the health care system necessary to contain costs (The Patient Protection and Affordable Care Act, n.d.). There are nine primary components for this reform. These include: affordable health

The Patient Protection and Affordable Care Act of 2010 (PPACA)is a highly complex and multifaceted policy in addition to being political controversial. Changes made to the law by subsequent legislation, focuses on provisions to expand coverage, control health care costs, and improve health care delivery system.

The Patient Protection and Affordable Care Act (PPACA) also known as Affordable Care Act has passed to ensure that all Americans have access to quality affordable health care, with PPACA millions of uninsured Americans will have access to coverage, it include measure that will lower health care cost and improve system efficiency and to eliminate the common practice of patients getting deny coverage due to preexisting conditions. With the state the US Health Care System is in now, the Patient Protection and Affordable Care Act Is long overdue, Cost-Sharing subsidies of $350 Billion over a 10 year period is a great investment to help bring the many necessary changes and improvement that are needed in the current healthcare system. Cost Sharing

While part of this supposition is incorrect, there is some truth behind the notion. Larger companies can negotiate better rates for their employees because of the volume of coverage, compared to small or medium businesses (Urbel, 2013). Insurance companies are more apt to give a large company lower premiums because of the volume that is needed to cover their employees, as well as the lower actuarial risk of containing costs for serious illnesses (Ubel, 2013). A University of Michigan study found that between 2000-2011, small and medium businesses have been decreasing employer-based health insurance coverage, while larger companies (over one hundred employees) have consistently provided coverage (Ubel, 2013). This trend started before the passage of the ACA and supports that small and medium businesses were having difficulty in providing this benefit to their employees consistently.

As you can see from Appendix A, the process of issuing health insurance policies and just being a health insurance company itself is now heavily regulated by the PPACA. Even though the PPACA has greatly helped reduce the percentage of the uninsured in the United States, it has also created more responsibility and cost for health insurance companies to

The new law also provides some benefits to businesses. “The Obama Administration issued information about this law to small businesses across the country to help cut down the price of their health coverage to their employees.” (FDCH Regulatory Intelligence Database) The administration considers doing this a step to even the playing field between the large and small businesses. With this help almost four million small businesses can apply for relief from the otherwise high health insurance premiums. Potentially, this has the opportunity to save the smaller businesses almost $40 billion dollars by 2019. The Administration feels this is a tremendous idea because small businesses have been the engine to our economy for ages. The PPACA provides competitive health insurance markets that are referred to as Exchanges that will begin in 2014.This will provide the small and large businesses to come together and get a fairer deal from the bigger insurance companies. Business people in the physician assisted profession are positively affected by this new law. The American Academy of Physician Assistants states that this act offers tremendous promise in improving health care for all Americans. The Academy states, “The

The Patient Protection and Affordable Care Act (PPACA) also known as Obama Care has been put into place to transfer the cost of healthcare from employers to the government. Employer provided insurance is common place in America. Nearly 60% of the American public utilizes insurance provided by their employer (U.S. Department of Health & Human Services). Since the proposal of the PPACA it has been surrounded by much controversy concerning the constitutionality of the bill.

Four years after President Obama signed the Affordable Care Act into law there is still uncertainty regarding how it will affect small businesses. Because there were delays and exemptions granted by the, Obama administration and challenges that were still pending in courts. The effects on small businesses vary from state to state depending on the company size and the composition of the company's workforces. But the large corporations pay their employees medical bills and hiring insurers to administer health benefits. Most small businesses purchase group health insurance from insurers and face cost increasing regulations as they go through the annual ritual of renewing their coverage. While media has focus their attention on the state and federal health exchanges, employers are responsible for the growth in the

PPACA will also regulate insurance companies, and provide health insurance exchanges online so individuals can buy and receive cost-assistance insurance plans. According to Davis, (2012) “PPACA will make health insurance coverage more secure and reliable for Americans who have it, make coverage more affordable for families and small business owners and bring down health care costs that put strains on families, individuals, employers and federal

Health care has been a much need but problematic institution for the United States over the last several decades. Particularly private companies have been the main cause of high premiums and the denial of coverage for the previously ill. In attempts to remedy these issues congress in conjunction with the President of the United States Barack Obama signed the Patient Protection and Affordable Care Act (PPACA). The PPACA is a federal state that focused on the reformation of the private health insurance market, provide better coverage for those with existing conditions, and improve the conditions of Medicare. Within this statue there is the section 1501 mandate, the Minimum Essential Coverage Provision, which requires every citizen, besides