Economic Issues Simulation Paper

Extra: Preferred provider plan that allows you to get the maximum benefits using a network provider, when you get care

The National Federation of Independent Business (NFIB) agrees that the cost of health insurance is a high ranking concern for business owners. Every year, they conduct a study to see what the top general concerns facing small business owners. From the beginning of the fiscal year of 1986 to the present, every year has concluded that the cost of health insurance is the top burden facing small business owners in America. (Wade, Holly Pg 24, table 5). Another important factor to consider are lost capacity due to employee illnesses or unemployment. Brad Plumer of the Washington post recently did an interesting study to determine the amount of money lost due to inactivity at the workplace. Including businesses in both the public and private sectors, Plumer estimates that over $1.8 trillion dollars per year in lost productivity at the workplace. While the Post acknowledged the idea of lost productivity is not a clear science and can be overvalued this is nonetheless a huge amount of money wasted each year.

Employers should offer affordable( employee premium less than 9.5% of employee’s wages) and of minimum value( employers must pay at least 60% of insurance cost) healthcare benefits to their employees depending on factors like number of FTE, number of employees receiving premium tax credits and other complex measurements to calculate the amounts. Employers should also notify employees by written about State exchanges, and advise them that if an employee decides to purchase a health Plan through an exchange, they may lose the employers’

This insurance encouraged people that had this basic form of insurance to get a second opinion on their medical issues especially elective surgeries. You had to pay for services that you were receiving right away.

will have a higher premium. These patients must pay the adjustment plus the standard premium

The Medicare Advantage plan is Medicare C. It's offered through a private company. If you know you get your insurance through a private company you know it's not A or B. Medicare Advantage combines all the benefits of A and B plus other things, such as many of your drug prescriptions. This is the most comprehensive of the Medicare plans because it covers the majority of medical expenses you may have.

Part A – This is the hospital insurance portion of Medicare. It comes at no cost to you once you turn 65.

The purpose of this meeting was to introduce and clarify business health insurance options in the year 2015 and the significance of good health at work. The three main topics that were presented to us were: 1) 2015/16 Affordable Care Act (ACA) overview for small sized businesses with fewer than fifty full time employees; 2) 2015/16 ACA overview for medium to large sized businesses with fifty or more full

Employees will have multiple choices in health care, life insurance, profit sharing, employee stock ownership plans, exercise facilities,

Consider the "Excluded Services" section and the "Payment/Premium" section from your own health insurance contract. Which one is easier to understand? In plain English, discuss what each one means to you as a patient.

When choosing a plan considers the following information: Several doctors and special visits, the regular medical services, or use prescriptions, qualifying for out-of-pocket expenses, or any hard

Medicare: Medicare, the primary insurer, increased its reimbursement levels, extending full coverage for lightweight standard models to $850, up from the old $650 coverage for standard models. This made the space more attractive.

Most health care analyst believes that health benefits provided by employers are provided as part of the overall compensation paid to workers. Because of the rising cost of the health care benefits, employers’ shares of

The California Health Insurance Exchange Website was very easy to navigate through and it explain in details about the cover levels that a consumer can choose. For example, the bronze is the lowest coverage and the Platinum is the highest coverage for medical insurance. It goes on to explain that some consumers may qualify for enhance silver plan which is benefits of a gold or platinum plan. It goes into explaining what the essential benefits or that insurance have to provide and it explains the optional dental and vision plan for adults. Let’s the consumer know that the dental and vision is included in the health plan for children’s. It is a step-by-step process for anyone on the website. It is an easy to navigate website for someone who reads

This assessment will be an analysis of graphed data and changes in supply and demand for three economic problems. Problem A involves production possibilities for consumer and capital goods, problem B is an evaluation of changes in supply and demand equilibrium, and finally, problem C involves pricing with relevance to supply and demand. Successful completion of this assessment demonstrates proficiency in; applying theories, models, and practices of economic theory, analyzing solutions with support from relevant data, resources, references, and economic principles, analyzing graphed and circular