Good Or Bad For Organizations

This paper discusses how the ACA has impacted the employer stakeholder group. Peer-reviewed journal articles will be examined to show how employers have been affected now and into the future, along with how employees are affected as well. Many mandates and changes have influenced and impacted employers in how they handle and deliver health care coverage, as well as impacting their business as well. Many changes affect large employers the most, but small to mid-size employers are also affected as well. This paper will also discuss commonly used strategies and their risks for employers to use in order to help lessen the impact of the ACA.

One of the cons of the PPACA could be the tax penalty for not carrying insurance coverage. The penalty starts at $95 or 1% of income, whichever is greatest. If the family or individual still chooses not to carry insurance, the penalty will rise each year. It doesn’t seem fair to make people choose between carrying medical coverage or getting penalized for not wanting health care

A series of events has recently occurred to cause the passage of PPACA. Economics are explicitly linked to health care. In the United States, health care coverage is provided primarily through an employer-based system. This system began in the depression era when pay was federally frozen. Companies, in an attempt to lure scarce workers, used benefits packages including health care as bait. Described as a “uniquely American” “private social security” health care system, the employer-sponsored system is the “cornerstone” of United States health care system (Blumenthal, 2006). This system has left many un- or under-insured. Blumenthal states (2006), “The United States’ dependence on employer-sponsored insurance means that the protection of its citizens against the costs of illness depends directly on the ability of private businesses to manage and absorb health care expenses that have defied all efforts to contain them.” Recently, economic downturn and the need to reduce expenses to better compete on the global market has caused many companies to both reduce their insurance benefits package and their work force causing many to lose their health care coverage. The employer-based system merged with the economic downturn, unaffordable health care costs for businesses, and

The Obama care Affordable Care Act has advantages, but the disadvantages in the favor of both the insurers and the insured play a major part in if the Affordable Care Act is for the best interest of everyone. In America, the average citizen has plenty to gain than to lose with the new insurance plans. The people on the higher spectrum ;however, will notice more negative effects of the Affordable Care Act as well as the larger businesses that will notice the financial downfall of the new insurance policy. In order to get the money to help insure most of the recipients of the health insurance plans there are new taxes, mostly on high-earners. According to Longman, Phillip, and Paul S. Hewitt, the authors of “After Obama care,” they state, “Workers with employer provided health insurance have to wound of paying this tax largely in the form of foregone wages, pensions, and other benefits.”(Longman & Hewitt 39). Many people that have worked on their jobs are satisfied with the insurance they had and with the new law they are paying more out of pocket in the end than they have before.

The Affordable Care Act otherwise known as Obamacare or the Patient Protection and Affordable Care Act (PPACA) was signed into law in March 2010 and it has not been without its share of problems, debates and controversies. One of the main points of the debates and controversies with the PPACA has been the legality of the individual mandate. The individual mandate “requires that most Americans obtain and maintain health insurance, or an exemption, each month or pay a tax penalty” . The whole purpose of creating PPACA was to “achieve near-universal coverage and to do so through shared responsibility among government, individuals, and employers” and to be able to “improve the fairness, quality, and affordability of health insurance

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

Medicaid is another PPACA’s fault which cripples underneath the present health care system’s burden. Interestingly, this bill mounts more pressure by expanding the population covered by Medicaid. Personally, additional 16million people to Medicaid rolls definitely going to exacerbate the situation (debacle). The reform

Have you even wonder what the actual advantages of ObamaCare are and how they affect people? ObamaCare otherwise known as the Patient Protection and Affordable Care Act (PPACA) is designed to aid American on acquiring health insurance, especially those who are unable to receive coverage thru their jobs, the sick and the poor. The Affordable Care Act (ACA) was signed into law on early 2010 and ever since, it has set strict regulations against insurance companies over who to insure. Therefore, it gives Americans the right to apply for health insurance and find the best coverage they need, regardless of their medical history or income. As a result of the PPACA, pre-existing clauses were eliminated, while Americans can now apply for health coverage and receive better treatments options.

In the first quarter of 2016 the Patient Protection and Affordable Care Act (PPACA) legislation has lead to 20 million Americans gaining healthcare coverage, and a record low uninsured rate of 8.6 percent (U. S. Department of Health & Human Services [DHHS], 2016). Yet the verdict is out on whether the PPACA has been an improvement or a liability holding back the United States (US) healthcare system’s potential. The legislation was first integrated as a guide to the US healthcare system when it was signed by President Barack Obama on March 23, 2010 (Rosenbaum, 2011). It planned to fulfill goals of improving access, affordability, and quality in healthcare (U. S. Department of Health & Human Services [DHHS], 2015). Full implementation of the healthcare reform was established on January 1, 2014, marking the start of individual and employer responsibility provisions, state health insurance exchanges, Medicaid expansions, and individual and small-employer group subsidies (Rosenbaum, 2011). As a whole the PPACA intended to “reframe the financial relationship between Americans and the health-care system to stem the health insurance crisis that has enveloped individuals, families, communities, the health-care system, and the national economy” (Rosenbaum, p. 131, para. 2). While the legislation has not fully

The Affordable Care Act (ACA), also known as Obamacare, was a major overhaul to the healthcare system, affecting both employers and employees. The ACA, along with rising healthcare costs, means employers have had to make changes in their healthcare plans and as a result, employees are seeing the affects, good or bad. As Fitzgerald (2014) points out, as the ACA gets closer to full implementation, more organizations will begin backing away from providing health care coverage. Part of the problem that organizations are facing in the future is the so-called Cadillac tax. As explained by healthaffairs.org (2013), the Cadillac tax is an excise tax on high-cost insurance plans and will mostly be paid for by the organizations. The tax, beginning in 2018, is a 40% excise tax on the cost of coverage for health plans that exceed a certain annual limit (healthaffairs.org, 2013). Because of this high tax, many companies are scaling back on coverage and finding ways to shift the cost to employees (Angle, 2014). The analysis presented will describe what ACA is, the problem GMFC faces, possible options, and finally, a solution for GMFC in this case.

President Donald Trump continuously makes remarks about “Obamacare” being bad for our economy but he neglects to mention the positive benefits about the program. For those who may not know, the patient protection and affordable care act (Obamacare) was enacted on March 23rd, 2010. The purpose of the PPACA is to ensure that those who couldn’t afford healthcare previously are able to sustain a good lifestyle and still be able to have healthcare for regular checkups and for emergencies that may occur. PPACA has had a tremendous effect on the economy in positive ways for example the bankruptcy rate in the united states dropped in the years 2010 to 2016 from 1.5 million to 770,846 and the spending on health care decreased from 7.2 percent in 2008 to 5.8 in 2015. That’s a significant decrease. PPACA should remain statute for it helps the lower income families of our society afford healthcare as well as protect their families from dreadful situations if they were to occur in the form of insurance money.

Obamacare aim is to provide better affordability of health care and enhanced health care access to Americans, which hopes to put consumers back in charge of their health care. It also aims to include upgrades to government-run Medicare and Medicaid. The purpose of the Patient Protection and Affordable Care Act (PPACA) is to provide affordability to Americans. However, the extensive cost to facilitate the phases of this program, and how these expenditures will ultimately be financed, may negatively affect the citizens of this nation. The Supreme Court passed the bill with the intention of having legal residents and citizens of the United States paying less for health coverage. The PPACA was implemented so that individuals would have coverage with fewer stipulations and limitations.

Many conservative advocacy groups have been in opposition to the PPACA since it was signed into law. Most of them are against the idea of universal healthcare. Then there are others like the Republican Party and the Tea Party movement who believe that “the law will lead to disruption of existing healthcare plans, it will increase costs as well as the federal deficit itself (as I mentioned earlier with the Heritage Foundation study). (Cohn, 2013).

The Patient Protection and Affordable Care Act (PPACA) is one of the most substantial reforms in Medicare since 1965. This is now considered the law of the land according to Douglas Holtz-Eaton. The PPACA portrays a “coverage first” strategy. “Sadly, a review a of the state’s experience bodes poorly for the future of national reform.” (Point/Counterpoint 177)

On March 23, 2010, President Barack Obama signed into law the Patient Protection and Affordable Care Act (PPACA) and on March 30, 2010 the Health Care and Education Reconciliation Act provided provisions to the PPACA. The laws focus on reform of the private health insurance market, provide better coverage for those with pre-existing conditions, improve prescription drug coverage in Medicare and extend the life of the Medicare Trust fund by at least 12 years (Washington). There are a number of provisions in the PPACA Act that will impact the accounting for many companies. Among those provisions are the following (US):