Porter 's Five Forces Model Essay

In 2010, the United States created The Affordable Care Act (ACA). The objective was to share the responsibility of costs between the government, individuals, and employers to provide affordable access to quality health insurance. “However, health coverage remains fragmented, with numerous private and public sources, as well as wide gaps in insured rates across the U.S. population.” (“United States: International Health Care System Profiles,” n.d.). Each individual state within the US, generally has control over private insurance.

According to a lot of people in the United States, while the ACA may provide an avenue for uninsured Americans to obtain health insurance, there is an underlying agenda that the government has in doing so. Perhaps those that believe this have good reason to feel this way because according to heritage.org, the ACA “imposes intru¬sive federal control of the American health insur¬ance and delivery system” (Hoff, 2010). While there will be an exchange system set up in each state the federal government will be in control of these exchange systems. A lot of people feel that this is just another way for the government to control the people. Only time will tell just how much truth there is to their concerns.

It has been six years since the Affordable Care Act has been implemented into the United States healthcare system. As the pieces and provisions of this monumental federal statute become understood and executed, it is transforming the demand for care. Prior to the ACA, a significant number of Americans were marginalized and unable to obtain coverage. This system was faced increasing healthcare costs, placing greater financial strain to everyday Americans, businesses, and public health insurance systems. The ACA did not only help ensure health coverage for all (almost

This article discusses the progress of the ACA as it enters its sixth year. Jost begins the article by first discussing the success of the act, which include a historical drop in the number uninsured, high levels of satisfaction and a slower growth in health care costs compared to previous years. The paper further discusses how the ACA will roll out in the 2016 year. Individuals and large companies will be taxed for failing to gain and provide access to adequate health insurance. One great idea that Jost poses to increase affordability and access of health care was to make the Marketplace more transparent so that individuals can have a better grasp of provider and drug coverage before they apply. Under the ACA there was also a great push to expand Medicare and Medicaid programs through increasing access and coverage. Although this part of the ACA seemed like a great idea as it provided coverage to more individuals, I wonder how this program and the ACA in general will pan out after the election. The ACA will likely see some changes in the near future. Republican proposals to replace the ACA, which I feel are scarce to being with, might remove the community rating, which will reduce the number of people insured, although ultimately leading to a decrease health care expenditure. On the other hand, Democrats will likely expand the ACA and may also offer additional funding for the program with additional

As the implementation of The Affordable Care Act (ACA) nears, news media is featuring a large number of individuals whose health insurance coverage is being cancelled. The current administration claims that their objective is for everyone to have health insurance, but there is a gap between their new legislation and the results. American consumers are falling in the gap between private insurance plans that are too expensive, and the poorly developed government system. Despite claims from the Obama administration, the Affordable Care Act limits the American public’s choice of private health insurance plans.

This paper explores the flaws within the healthcare system in America that was passed as the Affordable Care Act and Patient Protection Act (PPACA); although, the intent behind the act was meant to do no harm, it seems as if the Affordable Care Act did more harm than good within the majority of the population. There are many sides to any issue, especially concerning the healthcare system within the United States, but based off of research, statistics, and articles one can obviously perceive it to be a good effort upon the American government. Questions arise upon efficiency from a physical/quality perspective of the American people, and also the monetary aspect. As stated, the issue of the Affordable Care Act is somewhat controversial and the politics of the subject are rarely black and white, but an objective view upon the issue is necessary to fully appreciate the act and constructively analyze the issue at hand, and the concerns that arose due to the act. Signed into the law on March 23rd, 2010 by President Barack Obama were the Patient Protection and Affordable Care Act (ACA). The ACA was expected to revolutionize American healthcare insurance security by expanding healthcare coverage, lowering insurance costs, improving the quality of medical care, etc., but it seemed to have done just the opposite. One can surely assume that the intent behind the healthcare innovation was completely genuine; however, one certainty can observe the issues following the ACA and Patient

On March 23rd, and March 30th, 2010, President Barack Obama signed the paperwork for the Patient Protection and Affordable Care Act (ACA). This act is a law that was put into place to help make sure all Americans could have access to affordable, quality health insurance coverage. The ACA has now been available for five years with more than sixteen million people insured through it. “Over a period of several years of implementation that began in 2010 and will continue through 2019, the spectrum of the ACA provisions will change how health care is delivered and financed in ways that vastly exceed the impacts of Medicare and Medicaid.” (Sultz & Young, 2014, p.xxiv) The ACA is a law and in this paper, I will be discussing the major components of it which are Titles I-X and how it has improved the health care delivery system in the United States. This act is extremely important to Americans because it helps to make insurance affordable and keeps premiums down.

The ACA started rocky and has been through provisions that have aided to more American citizens being eligible for government health insurance. The social contract between the ACA health care policy and the American citizen’s is formed because of the U.S. governments concern for the health of it citizens. In 2011, almost 48 million citizens of America did not have health insurance and the under-insured nearly amount to 25 million (Horton, Abadia, Mulligan & Thompson, 2014). The rising numbers of health barriers have influenced the U.S. government and the policy making process. Social contracts in America have been molded around public policy throughout the years (Lind, 2007). A health care policy like the ACA goes through a complex system

The macroeconomics of the competitive health insurance marketplace has been disrupted by government involvement through the Affordable Care Act (ACA). The Patient Protection and Affordable Care Act of 2010 was designed to increase the quality, availability, and affordability of private and public health insurance for over 44 million uninsured Americans. NEED SOURCE The law included new regulations, taxes, mandates, and subsidies, which served to reduce the number of uninsured by about 20 million over the seven years NEED SOURCE. Conversely, in 2017, insurance company losses led to a number of high

The health care industry is constantly evolving and is one of the most complex industries in modern business. Changes in the health care is influenced by political forces, the economy, and advancements of technology. The demand for improved access to high quality health care services and the number of the uninsured population have increased the need for political forces to intervene to ensure equal access to affordable health care. Political forces establish the laws and policies that have shaped the delivery of health care for the population in an effort to improve access and quality while emphasizing cost containment. For example, the Affordable Care Act (ACA) of 2009 increased access to health care by making health insurance affordable for the insured and uninsured,

Rivalry between companies takes the form of competing for position using different strategies i.e. price and advertising competitions and product positioning. This rivalry increases when companies have an opportunity to improve their position or the competitive pressure increases. Companies are mutually dependent, so the pattern of action and reaction may harm all companies and the industry. TSCO’s main competitors are Rural King, Southern States and Orscheln (Logel;Klein, 2015).

Speculation about the future of employer-based health coverage began in earnest with the passage of the Affordable Care Act (ACA), also known as Obamacare. Critics of the federal subsidy, designed to provide working, uninsured Americans with the to purchase “affordable” health insurance believe this may have presented employers with the unprecedented opportunity to cancel group plans and refer employees to health exchanges, while proponents of the ACA continue to disagree and believe that Obamacare is the necessary precursor that will enable the government to eventually assume total control of the U.S. healthcare industry.

Porter 's Five Forces Model is a critical instrument to break down an outer aggressive environment of the business. The model incorporates threat of entry, the threat of rivalry, the threat of suppliers, the threat of purchasers and threat of substitutes.

Porter 's Five Forces model (PFF) is a powerful instrument that can be utilized by companies to investigate its situation and identify its industry 's competitors. Analyzing industry will help any business in determining the competitive strength and weaknesses. By using PFF model, investors can gain valuable information regarding what the actual factors that affect the organization 's profitability (Evans & Neu 2008). This paper will analyze the Cola Wars case study based on the PFF model, and the primary components of soft drink industry. At the end of this paper, some recommendations will be given to Coca-Cola company to enhance its position in the market.

I am a registered nurse employed in a hospital in the healthcare industry. Porter’s five forces model begins with the first force being the intensity of rivalry among incumbent firms (Parnell, 2014). Competition in healthcare, particularly hospitals, is limited. Due to the accredidation process, government regulations such as a certificate of need (Certificate of need, n.d.) and licensing of facilities and providers, competition is limited. The Federal Trade Commission (FTC) is looking at ways to increase competition in healthcare such as opening up opportunities for nurse practitioners, increasing the availability of such technologies as telehealth and establish more competitive healthcare pricing. In cities, there is more of a concentration of competitors. The hospital that I work at is the largest between Memphis and Nashville and has the busiest ER in the state of Tennessee. Therefore, the concentration of competition is low for that particular hospital. There are high fixed costs with a hospital such as buildings, overhead, equipment, and salaried personnel. Yet, a hospital does not cut their prices to increase patient census. However, it could be questionable in a low census period as to whether there are additional tests run or hospital admissions that would ordinarily not happen if the census were higher. There is strong growth in the healthcare industry with the industry growing at twice the rate of the national economy (Health Care Industry, 2012).