The Affordable Care Act was signed into law on March 23, 2010 by President Obama and was later upheld on June 28, 2012 by the Supreme Court. Americans who make less than $94,200 in a family of four people or $45,960 as a independent individual may qualify for the reform act. The main reason for individuals being uninsured are the tremendous amounts of job losses. Which is about having 15% of Americans being uninsured (Obama Care Facts). The main advantage of Obama Care is that it lowers the health care costs by making sure that that the insurance is affordable for people.
The Affordable Care Act (Obamacare) On March 23, 2010, the Patient Protection and Affordable Care Act (PPACA) was officially signed into law. To some it is more commonly known as Obamacare. The goal of Obamacare is to give more Americans quality health insurance, and to reduce the growth in health care spending in the United States. This change to health care has led to a major impact on businesses. Some would argue good, some would argue bad.
“Even though things are a lot simpler now, depending on your plan not all services are going to be covered 100% and not all services are always going to count toward your out-of-pocket maximum. Double check that your health plan isn’t cutting any of the corners” (Out-of-Pocket) Opponents may also say that the ACA lowers premiums, but that 2008 statement has become increasingly known as a lie. Obama spent 2008 telling the American people throughout his campaign insurance would be reduced “up to”, “on average”, and “typically” $2,500 “per family, per year”. That turned out to be false and “by some estimates, the average rates in the individual market have increased nearly 25 percent compared to what they would have been without Obamacare, and have increased measurably in 45
Workplace wellness programs can generate savings. Health Affairs, 29(2): 304-311. Baicker, Cutler, and Song sought to find if investing into workplace wellness programs would prove to be beneficial for economic budgets as well as overall public health. The authors found that this type of preventive care can produce savings results that span even over a short-run horizon. Statistically, every dollar invested into a wellness program decreases medical costs by $3.27 and absentee day costs fall about $2.73.
If people were not rushed and treated with respect and dignity, more people would not have a problem paying for services. In tryin... ... middle of paper ... ...s paying into health insurance would increase jobs in the medical field. LA Times reports to the contrary “Among the questions they're asking is: If healthcare spending is rising so fast, why is healthcare job growth flat? As Austin Frakt of Boston University puts it, the data "suggest that Americans recently poured a lot more of the national economy into health care without moving the needle on the rate of growth in real, human resources (jobs) devoted to delivering care.” (LA times) So if imposing health insurance on American citizens was supposed to help with lowering cost and create an opening for more jobs why is this not the case? I feel it is because like me a lot of Americans feel we should have the freedom of choice.
Since people will be more eligible for ObamaCare with less working hours and less pay, they will also take more vacations and breaks. Retirement will than occur early because people will not rely on a job for health care. Working less and retiring early is due to the ACA law. One of the threat the ACA is presenting is the risk that is presented to the small businesses“….businesses will decide to reduce their hiring or shift their demands to part time hiring either to stay below the threshold of 50 full time or equivalent work... ... middle of paper ... ...e taxes (and US spending) and force people to get coverage. Small businesses employ 50% of Americans if they are not growing than the economy will not grow, people (more than $250,000 a year) that don’t need health care from Obama will pay for the ACA in an indirect way while forcing the eligible for ObamaCare to get covered.
The Affordable Care Act Obamacare, also known as The Affordable Care is the new health care improvement law in U.S. Laws like the Health and Public Services Act and the Food, Drug and Cosmetics Act are also being affected. The Affordable Care Act is an effort to improve the healthcare system by giving many Americans a more reasonable quality health insurance and by restricting the increase in healthcare spending in America today. The benefits of this reform program consist of new rules for insurance companies, funding, education, tax breaks, the creation of committees, taxes, spending, education, new job creation, etc. All Americans with health insurance will be able to ensure that they can get treatment when they are in need of it. The ACA makes insurance more affordable by decreasing “out-of-pocket” costs for millions of people and small business owners who had been out priced in the past.
So don’t panic yet if your state doesn’t run a health exchange; the federal government will be setting up health exchanges of their own that you may be able to use. If you have a high income you will also be able to buy a plan through an exchange and its price will still most likely be lower than if you had purchased on the private insurance market pre-Obama Care.
Providers will then need to cut expenses and may minimize training. Providers will also be continually motivated to find less expensive options, which may motivate them to “in source” their training. This equates to decreased volume and revenue for MÀJEN. Conversely, with the elderly population growing and an overall concern of rising medical costs increases, ALF and SLAs are a progressively more attractive option. This community-based care is 50% less expensive than skill nursing care (www.alfa.org).
I. Introduction In 2010, President Barack Obama announced that he would begin implementing the largest, most comprehensive, and possibly the most controversial reform of the United States healthcare system in the past decade. Dubbed the Affordable Care Act, or “Obamacare” as it has become known, this new piece of legislation seeks to reduce the number of uninsured citizens in the United States by mandating that all people have access to healthcare and are required to purchase it (Gruber, 2010). It also seeks to lower Medicare spending costs through a verity of new taxes. The hope is that the new bill will help the 32 million current Americans that are uninsured, and will hopefully raise revenue for the government to begin reducing the overall deficit (Gruber, 2010).