The Implementation Of The Affordable Care Act

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.

Rising health insurance premiums have made healthcare unaffordable in the United States. Health insurance premiums in this country have undergone a steady rise over the past few years while incomes have remained the same. More than 50% of individuals with low incomes holding private insurance in the United States are unable to afford their healthcare costs (Collins, Gunja, Doty & Buetel, 2015). In addition, costs related to healthcare are equally unaffordable to 25% of working-age individuals who hold private health insurance policies (Collins et al., 2015). According to the Kaiser Family Foundation/Health Research and Educational Trust (Kaiser/HRET) survey on employer health benefits, employer-sponsored health insurance plans have also had moderate rises in premiums in 2013 for both individuals and family coverage (Claxton et al., 2013). While

The Affordable Care Act (Obamacare) is a healthcare program created by president Obama’s administration. The goal of the Affordable Care Act is to make sure every United States citizen has health insurance. The Affordable Care Act provides “affordable” health insurance plans to citizens that do not have any and make about $15,000 a year. While the idea of providing health insurance to the millions of American’s that cannot afford it is great, everything comes at a cost. According to Emily Miller, Obamacare is causing people’s health insurance premiums to rise by around 1 to 9 percent (Miller 15-15). Not only are insurance premiums rising, but ever since the Supreme Court declared the Affordable Care Act constitutional approximately 20 tax hikes have been approved (Battersby). All the aforementioned reasons are helping pay for Obamacare. Although providing health insurance for people that cannot afford it is important, the Affordable Care Act should be revoked because it will hurt the economy.

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

When president Obama signed the Affordable Care Act in March 2010, it came with a lot of new provisions that would vary when they would come into effect. The very first provision was the “Grandfather Clause” which allowed people to keep their insurance plan before the act went into effect. As long as the employer still offered that plan the employee could still maintain it because they were grandfathered into receiving that coverage. If someone bought an insurance plan after March 2010 they would not be considered under the Grandfather Clause. Thus, these individuals would be required to get a new plan by 2014 if their plan did not meet all the criteria, they would need to get a new plan that fills all the criteria. Another major provision of the Affordable Care Act is that patients have a guaranteed issue. This means that insurance companies are unable to deny anybody health insurance based on their health or prior health. This may create a problem because the risk pool of an insurance company may not have the best people. Eventually, this could lead to the majority of the risk pool for an insurance company to have people who are at a greater risk of needing health insurance. This will make the insurance company more vulnerable and the only way that they will be able to cover the losses is by raising the premiums on everyone even though there may be some individuals that are in perfect health. The next provision that was added under the Affordable Care Act is that the

Over the last five years, the United States has implemented a new policy in which Americans will receive their health care benefits. This policy is known as the Patient Protection and Affordable Health Care Act which was implemented in 2010 through United States federal statue and signed into law by President Barack Obama. The intentions of the reform is to insure that all Americans have affordable access to health care benefits without struggling to afford the cost associated. The reform is broken down into nine title sections that affect all aspects of health care and changes that will be associated. In this paper, I will be discussing each of the title sections and how the changes will affect the field of nursing.

The Affordable Care Act established by Barack Obama it is a revolutionary law that was passed to change the healthcare system in America. The affordable care act has many pro and cons. Is the Affordable care a good idea? The Affordable care act was put in place to help maintain healthcare spending cost, reduce the amount of people who are uninsured, create universal healthcare, expanding coverage for young adults and to make prescription drug coverage more affordable for seniors. In the year of 2010 and 2011 over 5.1 million seniors and people with disabilities on Medicare have saved over 3.1 billion on prescription drugs, however this includes a one-time rebate

Hispanics are one of the largest groups in the United States that are uninsured. Additionally, the Hispanic population is one of the fastest growing ethnic groups in the U.S. The Hispanic population is estimated to increase over the next 25 years to 32 million out of a total of 72 million of the US population (Brice, 2000). The U.S. health care system is facing one of its most notable societal issues in years in reference to its ability to provide access to medical care for the millions of Americans who do not have health care, for whatever cause. The Affordable Care Act was signed into law on March 23, 2010, for the purpose of reducing inequalities in insurance coverage and to provide access to health care for all. A vital goal of the

Third, the ACA regulates health care coverage in the United States. According to Lussier et al. (2016), the act mandates that all employers with more than 50 employees provide their full-time employees with health care coverage or face penalties for failing to do so” (p. 494). This act specifies that if organizations choose not to provide employees with benefits, they will be forced to pay a penalty for each eligible employee. However, organizations that do offer employee health and retirement plans must meet minimum requirements and comply with ERISA (Lussier et al, 2016). Employers and employees

Despite the responsibility of healthcare being a power of the states, the national government created a market for privately owned businesses to provide insurance under an umbrella known as “Obamacare”. Obamacare was primarily comprised of the Affordable Care Act, or AFA. The Affordable Care Act, created by the Obama Administration, was passed in March 2010 under the premise that healthcare should be more available to American citizens. These target citizens being the over 50 million who were uninsured for various reasons before the passing of this legislation. They were able to do this by expanding the affordability through various regulations, taxes, subsidies, and other

The citizens of the United States are burdened with many hardships. Most of these hardships stem from poor political policies and programs set forth by past politicians. However, politicians cannot be the only blame. This country is relatively young. Our political policies are still in somewhat of a “beta” period. We only learn from trial and error. This country is in the middle of a political shift. Now is the time to make the necessary changes to mold and shape our future society for the better. Far too long have Americans been denied basic necessities such as education, food, employment, and most importantly healthcare. The healthcare crisis has been the topic of debate for many years among politicians across all the governmental factions. The catalyst applying the brake on healthcare progress has been a strong division of politicians on what is ethical and what is legal when it comes to the government putting its foot in the door. Along with that debate there is also whether or not the government should do anything at all or just let the private sector and the citizens hash it out. Throughout U.S. history many attempts have been made to reform our healthcare system to no avail. Healthcare reform is clearly an issue that takes great socioeconomic knowledge and political tact. President Barack Obama is the first president to present us with such a plan. This plan is known as The Affordable Care Act or “Obamacare” (a term coined by a group of Republicans to disenfranchise

Employers have seen an increase in number of members due do the coverage for children up to 26 years old. There has been the removal of lifetime limits and restrictions on annual spending have been removed, which causes companies to pay more for employees requiring expensive and chronic coverage (Spivak, 2014). After the passing of the ACA, there is no requirement for employers to provide health benefits to their workers, but certain large employers may have a penalty if there is no affordable coverage available. There will be a penalty for employers that does not offer coverage or doesn't meet the minimum value and affordability standards. Companies that have at least 50 full time employees could be affected by these penalties (Kaiser Family Foundation, 2018). Companies that have less than 50 full time employees could have a hard time finding a company insurance due to affordability. Insurance companies and employers must come to a decision about new plans that could benefit everyone. Employers and employees may have to pay higher premiums due to expanded coverage. All health insurance plans must cover the 10 essential benefits, which helps with prevention and covering care. The ACA has created an individual mandate, which ordered everyone to obtain health insurance where another penalty could take

The implementation of the Affordable Care Act (ACA), popularly known as “Obamacare”, has drastically altered healthcare in America. The goal of this act was to give Americans access to affordable, high quality insurance while simultaneously decreasing overall healthcare spending. The ACA had intended to maximize health care coverage throughout the United States, but this lofty ambition resulted in staggeringly huge financial and human costs.

Many employees must designate a health plan through their employer. These days, as HMOs (health maintenance organizations) and managed care plans continue to proliferate, that means a choice between bad and worse. As employees line up in the lunch-room for a process called open enrollment, they may be surprised to learn that managed care rates have gone up — again. The mirage that managed care is cheaper care is finally fading. And, for the first time in years, employees may also have the promise of free choice in medicine in the form of a new method of financing health care. Consumers are already aware of horror stories involving HMOs, but cheap rates persuaded many that managed care is less expensive. Recent

The higher cost of affordable Health care is also eroding the ease with which to afford other insurance that covers about 30 percent of Medicare enrollees ‘expenses. In 2005, about 89 percent of beneficiaries obtained such additional coverage, including through former employers (33 percent), medical policies (25 percent), Medicare advantage plans (13 percent), Medicaid (16 percent), or other programs (1 percent) (MedPAC). These supplemental insurance programs were all very helpful at the onset, but with the passage of time and as health care costs continued to rise, employers are finding it difficult to support these programs and as a consequence, a greater number of these employers are either reducing the benefit or eliminating these benefits especially those that affects their retirees thereby increasing the cost of these supplemental insurances.