PPACA Impact On Small Business

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.

The Patient Protection and Affordable Care Act (PPACA), also known as the Affordable Care Act (ACA) or, more commonly, Obamacare, is a United States federal statute signed into law by President Barack Obama on March 23, 2010. The law mandates United States citizens to obtain health insurance coverage and businesses of 50 or more full time employees) to provide health insurance to its’ employees. Should you not be covered, a penalty will be imposed.

The Patient Protection and Affordable Care Act of 2010 (PPACA) was designed to decrease health care costs and require health care access to all U.S. citizens. The Act has the potential for reducing the cost of health care in the United States; however, with many risks which could possibly strain the health care system, increase debt, and decrease the quality of care many are concerned.

At last, the law gave new alternatives and motivating forces to help states rebalance their Medicaid long haul mind programs for group based administrations and backings as opposed to institutional care. All in all, these arrangements have quickened Medicaid advancement effectively in progress in numerous states. Also improved with the ACA besides Medicaid, is Medicare. The Affordable Care Act incorporates a progression of Medicare changes that will create billions of dollars in reserve funds for Medicare and fortify the care Medicare recipients get. The new law secures ensured benefits for all Medicare recipients, and gives new advantages and administrations to seniors on Medicare that will help keep seniors solid. The law likewise incorporates arrangements that will enhance the nature of care, create and advance new models of care conveyance, suitably value administrations, modernize our wellbeing framework, and battle waste, extortion, and mishandle. A big topic that is affected from ACA is businesses. The Patient Protection and Affordable Care Act -- otherwise known as Obamacare -- is putting such a small dent in the profits of U.S. companies that many refer to its impact as 'not material' or 'not significant. Even after a provision went into effect this year requiring companies with 50 or more full-time workers to provide coverage, and after more workers are choosing to enroll in existing company coverage because of another requirement that all Americans get

” If we continue spending at current projected levels, the U.S. economy will be exposed to the risk of a sovereign debt crisis that would force economically crippling tax increases or sudden and severe cuts in government spending that would have long lasting negative consequences for U.S. economic growth and employment.” (Howard, 2011) Many small businesses have had to close their doors due to lack of company profit to off-set the cost of insurance to their employees. In addition, many businesses lay off workers to balance the new financial burden. This left numerous amounts of people left unemployed and now insured under government insurance (Medicaid and Medicare) as a result. Howard (2011) describes the pay or play that is mandated for these business owners, for

After reviewing the lecture, I believe that the PPACA will significantly affect Health Disparities in the United States. Based on the readings, the features for this plan include giving incentive to business owners to provide insurance coverage to their workers whether If by penalty if there are over 50 employees or by providing tax credit to those with less. The health system focused on collecting enhanced data based on race, ethnicity, sex, primarily language, and disability status to look for information to improve health care. The main goals of the PPACA is to expand coverage, control costs, and improve the health care delivery system. It reduces disparities in multiple ways. For example, for African Americans they are more likely

The Affordable Care Act aims to help small businesses get health insurance for their workers. According to the US government, the Act should "help increase the number of primary care physicians, nurses, physician assistants and other health care professional.

It hurts a small amount of businesses’, has had a bad effect of insurance premiums, and had made some reforms that have injured some medical companies and the employees that work for them. One issue with the Patient Protection and Affordable Care Act is taxes of small businesses’. A small amount of businesses in America have more than 50 full time working employees and will have to either insurer their full time workers or pay a fine. To avoid this issue, it is predicated that some companies will cut back on hiring or take away hours from their employees, or another way they can go about the issues is by raising prices on the goods they offer to the consumers. Religious belief if another issue with the Patient Protection and Affordable Care Act as many religious people are against contraceptive, while the bill makes it easier to access it as it funds women’s health’s services such as that. One of the biggest concern for the act is how it hurts Medicare. The act cuts around $76 billion from Medicare and uses the money back into the program. Since there is such a big issue, the act has set up a committee to overlook spending and effectiveness. The last, biggest problem the Patient Protection and Affordable Care Act has is the cost. Patient Protection and Affordable Care Act has a projected cost of over $1.36 trillion over the next ten years, and in order

‘Over 105 million people living in America today no longer have to worry about having their health benefits cut off’ (Secretary WH) . Since enacted, the Affordable Care Act (ACA) has been able to provide for millions of lower and middle class Americans a secure and reasonable healthcare plan that best suits their medical needs. The Patient Protection and Affordable Care Act (PPACA) also commonly refer to as ‘Obamacare’ was a solution implemented in 2010 to help reform the precarious healthcare system in the United States. The ACA imposed three key reforms adopted from the successful Massachusetts system of healthcare. First, the ACA established a “guaranteed issue and community rating requirements” which essential barred healthcare insurances

The Patient Protection and Affordable Care Act (PPACA), also referred to as the "Affordable Care Act" or "ACA" or "Obama Care") is the major health care reform bill passed into law on March 23, 2010. The debates surrounding the PPACA have been volatile at times, and continue to be the most intense public examinations of any piece of legislation in our recent history. The affordable Care Act (Obamacare) is ripe for repeal. For the American public, there are ample reasons for dissatisfaction: higher costs; arbitrary and sometimes absurd rule-making; bureaucratization of an already overly bureaucratized sector of the economy; incompatibility with personal freedom and religious liberty; enormous spending and heavy taxation; and widely acknowledged design flaws, evident in the ACA’s hopelessly complex and unworkable subsidy schemes, boondoggle bailouts, and collapsing co-ops. Nonetheless, other ACA legal challenges were still facing the healthcare law. In December 2015, the Association of American Physicians and Surgeons (AAPS) submitted an amicus brief to the Supreme Court arguing against the constitutionality of the employer insurance mandate within the Affordable Care Act. The law contains a number of experiments designed to drive down health costs, such as Accountable Care Organizations. The whole idea is to move the system away from paying for volume and toward paying for value. We still don't know whether that will happen. But it's fair to say that reducing the cost of health care will make it easier to expand coverage. The nation’s gains in health care coverage and delivery system design over the last several years have made measurable differences in the lives of millions of Americans. There are many ways to achieve a high-performing health system. But it’s critical that the nation remain committed to this goal.

Businesses are left with an even bigger challenge. The Affordable Care Act requires small businesses to provide health insurance regardless if they are able to come up with the money for it (Stevens & Harler, 2012). Businesses that exceed 50 full time employees will be forced to make available health insurance; if they do not, they will be subject to a $2,000 penalty for every employee working there (Stevens & Harler, 2012). The benefit is that the company’s first 30 workers will be deducted and will avoid the fee (Stevens & Harler, 2012).

In March 2010, the Patient Protection and Affordable Care Act of 2010 (the PPACA) was enacted by Congress and signed into law by the President of the United States. The PPACA creates an opportunity to change the health insurance marketplace in order to provide all Americans with quality, affordable health insurance coverage. This program even though has received as a gift to some people, but it carries burden on providers and health care workers. The reason is that more information and education are available to consumers make it easy to catch medical error than before, which leads to more lawsuits against healthcare providers. Demand for health care services is increasing as the population ages, chronic diseases become more common, and medical

Signage of the Patient Protection and Affordable Care Act (PPACA) in 2010, proved a significant milestone in reshaping health insurance, healthcare delivery, and reducing the population of uninsured persons (Teitelbaum & Wilensky, 2017). Although the PPACA serves as a step in the right direction in protecting the health of all Americans some provisions under the ACA are too burdensome given they place a financial strain on the states. Thus, many governors across the country grapple with the decision to participate in the expansion of Medicaid eligibility (Sommers & Epstein, 2013). Important to note, the desire to advance the health of populations is not without cost. Thus, as federal and state governments push for and support advances in

On March 23, 2010, President Obama signed the federal Patient Protection and Affordable Care Act (PPACA), known to everyone as the new and improved Health Care Reform. The new law was designed to make sure that consumers and their doctors, were in charge of their health care rather than insurance companies. The changes made in Health Care Reform laws by subsequent legislation implemented significant changes that reduced insurance fraud and protected the rights of the consumer. The Health Care Reform laws also provided world renowned benefits through health insurance marketplace’s so that business could compete to win the insurer 's business. This article will attempt to address several policy modifications that positively and negatively impacted the desired outcome of Health Care Reform as it applies to the Affordable Care Act. Lastly, this article will also suggest three (3) methods by which the Constitution, specifically the powers of Congress address the role of the government through the use of business administration.

It was stated earlier in this paper that big businesses would benefit from this law; however, the exact opposite is true for small businesses. Businesses will be forced to provide healthcare for their employees or pay a fine, something they may not be able to afford. This may result in employees’ hours being cut or even the termination of the employee (“ObamaCare”).