The Growth Of Employees ' Benefits Occurred After World War Two During The First Phase Of The American Industrialization

The US has recently adopted a healthcare policy aimed to get more Americans insured. This policy is named the Affordable Care Act in 2010. “In 2013 there were 42 million uninsured individuals in the United States. “(The Common, pg. 153) There has since been increase in individuals who are covered either by private insurance or by Medicaid/Medicare which had a coverage increase with the new policy. It is believed that millions of people will now have health insurance compared to previous years.

What’s next? Some experts say that if the consumer-directed approach doesn’t succeed, em wash their hands of health care altogether. A recent study by the Employee Benefit Researc showed that the proportion of U.S. residents covered by employment-based health benefits d percent in 2000 to 60 percent in 2004. Decades from now, observers may conclude that a counter- revolution in employer coverage began in these early years of the 21st century. —Terence F. Shea

In 1954, Congress passed legislation allowing employers to provide health insurance benefits to employees on a tax-free basis (Sih and Singh 99). This legal provision marked the beginning of the rapidly expanding health care costs still apparent today due to the major incentives provided by the government to obtain employer-based health coverage. The overwhelming popularity of employer-based health insurance has led to a serious market inefficiency resulting from the system of third-party payment. As individuals rely on their insurance companies to pay for their medical expenses, this provides

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

President Barack Obama signed the Affordable Care Act, into law on March 23rd 2010. Congress had tried for decades to pass health care reform, beginning with President Franklin Roosevelt. “Following President Obama’s inauguration, he used Democrat control of both the House of Representatives and the Senate to enact health care reform legislation, and granted the federal government control of over 16% of our nations economy” (Taylor 3). The law states that every American citizen is mandated to purchase health insurance. “If you choose not to obtain Health Insurance by January 2014, you will be penalized $95, or 1% of your income-whichever is greater” (Taylor 5). “The penalty rate for non-compliance will

The Affordable Care Act, otherwise known as Obamacare, was passed in March 2010. This over-1000-page Act implements a number of reforms designed to increase the availability of health care for individuals. The Act created a Health Insurance Marketplace, a universal way to sign up for subsidized health care plans (which are cheaper), though you can only get certain plans from certain places, including an expanded Medicaid. It also creates an incentive to purchase health insurance-if you don 't, you 'll have to pay a fine, which is interpreted by many as a tax. Additionally, the Affordable Care Act requires sizable firms to provide a certain level of health care to all of their employees, with certain specifications. Obamacare also attempts to make health care cheaper for many, by trying to even out the cost for everyone.

Health insurance is one of the most important benefits a citizen can have in America. Some Americans who work acquire health insurance through their employers. But then, there are Americas who do not work and therefore, are unable to have health insurance. The Affordable Care Act was signed into law on March 23, 2010 by President Obama and the United States Congress, (North Carolina’s Institute of Medicine, 2012). This paper will focus on the impact of the

The majority of Americans receive health care through private insurers which is mostly provided through their employers. For the most part, employees are required to contribute part of insurance cost through payroll deductions. There is no government health insurance company that covers all citizens. The government does offer few programs such as Medicare and Medicaid but the eligibility is restricted and limited. President Obama wants to reform the health care system so that every American in United States has health insurance coverage. The plan proposes to offer affordable, comprehensive and portable coverage. It pledges to control the rising health care cost and improving the quality of care. The key goals of the reform plan are:

The changes taking effect on the health care system can be greatly utilized by Americans, whether it is in a good or bad way. Today, most Americans do not have health insurance because they cannot afford it. With the Affordable Care Act, these Americans will be able to receive health care benefits. President Obama signed into law the Patient Protection and Affordable Care Act in March 2010. It was created to increase access to insurance coverage, whether through a private

Healthcare has always been a topic of great interest among the American people. Previous attempts have been made to implement a healthcare system that benefits all Americans; however, the mandate of Medicare and Medicaid in the mid-1960s has been the closest resemblance of universal healthcare system. In March of 2010, the President Barak Obama signed the most significant legislation for the U.S. healthcare system, the Affordable Care Act (ACA) also known as the Obamacare. This law was introduced to improve the quality and affordability for the health insurance industry. This act would also minimize the insurance rates for the uninsured as well as expand coverage. At the passage

There are Currently 32 million people without health insurance in the United States. This means that roughly 83 per cent of citizens have to live day by day hoping they won’t get sick. For this reason, President Obama signed the U.S health reform bill into law. The health reform will make health care more affordable for citizens. Employers with more than 50 employees will be forced to provide coverage for all, or they will have to pay a fine. It will also make health insures more responsible. For example, health insurance carriers are forbidden from placing lifetime dollar limits on policies, from denying coverage to children because of pre-existing conditions, and from canceling policies because someone gets sick. It will also expand

On November 4, 2008, Barack Obama was elected president of the United States of America. During this year, the United States faced a devastating economic recession. The unemployment rate in America was increasing significantly, so President Barack Obama began to analyze the health care system in place for the citizens of the United States. Two years after President Obama’s election a new form of health care was implemented, as stated in Healthcare Reform in America, “The 2010 health reform legislation, known as the Affordable Care Act (ACA), was the outcome of a push by the Obama administration to pass major healthcare reform legislation” (Kronenfeld, Jennie and Michael Kronenfeld 97). The

A dollar used for health benefits is worth more to an employee than a dollar in wages earned because the dollar in health benefits is not taxed and the dollar in wages earned is taxed. Thus, there it is a huge discount off the price of health insurance, and this happened very quietly and basically unnoticed by most. However, when health care was protected from these taxes, it immediately became of great value to employees, and companies benefited as they were able to keep it tax-free even after the war had ended

In 2010 President Barack Obama was on his first term as president and the senate was controlled by the democratic party, together they made the most significant transformation to the American healthcare system to date. They enacted the Patient Protection and Affordable Care, which would become universally known as Obamacare. Up until this point in American history, the only two government enacted healthcare reforms were Medicare and Medicaid which provide healthcare insurance to qualifying elderly citizens and low-income families (Dye and Gaddie 650). Citizens could be covered by private insurance companies by either paying for them or being provided health insurance through their employer. However, insurance premiums soared after the financial crisis hit and many employers stopped offering their employees insurance (Obama, whitehouse.gov). According to the

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”).