Obamacare and Small Business

Sabatino, Charles (2010). The Evolution of Health Care Advance Planning Law and Policy. The Milbank Quarterly, (88) 2, 211 – 239 Retrieved from the Milbank Quarterly

Rosenbaum, S. (2011, January-February). The Patient Protection and Affordable Care Act: Implications for Public Health Policy and Practice. US National Library of Medicine , pp.

Article: Sanger-katz, Margot, and Amanda Cox. "With New Health Law, Shopping Around Can Be Crucial." The New York Times. The New York Times, 17 Sept. 2014. Web. 17 Sept. 2014. http://www.nytimes.com/2014/09/18/upshot/with-new-health-law-shopping-around-can-be-crucial.html?ref=policy&abt=0002&abg=0

The Affordable Care Act, or, “Obamacare” as it has been dubbed by the media and general public was approved on June 8, 2012 when the “The Supreme Court of the United States upheld most provisions of the Affordable Care Act (ACA) by a 5-4 vote” (James, "Affordable Care Act and Pharmacy: Big Changes Ahead?"). This vote and approval has completely reshaped the landscape of the healthcare field, not only from a provider’s aspect, but from a consumer’s aspect as well. The need for healthcare reform was made apparent due to the growing

The Patient Protection and Affordable Care Act of 2010 is the first major healthcare act passed since the 1967's Medicare and Medicade act. Obamacare is the name given by critics, because of the power that is given to the federal government to regulate healthcare prices. The reason given that this act was passed is that it willl save billions of federal dollars each year. Many people against the act believe it should be repealed ,and the reason for this is, because it gives away healthcare to people who don't pay for it. The act also takes away from seniors who really need the medi,cade benefits, and also makes doctors increase how much people pay them. The Patient Protection and Affordable

The Affordable Care Act (Patient Protection and Affordable Care Act), commonly called "Obamacare," is a federal statute that was signed into law in March of 2010 (PDF, n.d.; Van de Water, 2011). It basically requires the vast majority of people in the United States who do not have insurance coverage to acquire that coverage or face penalties. People who already have insurance through their employers or on their own will not be asked to change companies. Additionally, anyone who is on federally-funded insurance such as Medicaid or Medicare and still qualifies for those programs will not be removed from their insurance. They will still be covered and protected. In order to find out more about the Act and really understand its main points and principles, however, it is very important to be aware of how it became a law and any changes that have taken place to it from its inception all the way through where it is today. Only then can a person have a clear understanding of the Act and form an opinion as to the value it may (or may not) provide to the American public. There is still much speculation and a great deal of misunderstanding about the Act and what it involves.

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”).

Public policy, such as subsidies in the form of tax credits for the purchase of health plans through the exchanges, have been in existence since the inception of the ACA, but one could contend that this falls short on many fronts. Subsidy thresholds and amounts are simply too low and premium costs too high for many middle-income earners to make ends meet. In some cases people would rather risk going without insurance and pay the penalty, than pay for a plan they can’t afford to use anyway (Bernard,

Obamacare is an unofficial name for the Patient Protection and ACA (Affordable Care Act) which was signed into law by President Barack Obama in 2010. The White House announced that in the first month, more than 100,000 Americans successfully enrolled in new insurance plans (The New America). That’s not even close to a quarter of the United States population. There have been problems with the website when it crashed. This prevented many Americans from completing the enrollment process. Which put a big hurt on the AC. But there is no question that there is a real demand for quality, affordable health insurance. In the first month, nearly a million people successfully completed an application for themselves or their families. An estimated amount 396,000 citizens have the ability to gain access to Medicaid under the Affordable Care

Obamacare will impose new health coverage costs, the employer mandate, compliance regulations, and new taxes on all businesses. Altogether, these constraints will dramatically affect companies’ per-employee costs, desire to provide health coverage, and motivation to grow in terms of both income and employment. Further Burdening Businesses. Obamacare is likely to exacerbate many of the concerns and costs that are already burdening businesses—particularly small-business owners—in at least four ways. 1.

The Patient Protection and Affordable Care Act (Public Law 111-148) was signed into law by President Barack Obama on March 23, 2010. Along with the Health Care and Education Reconciliation Act of 2010 (signed March 30), the Act is a product of the health care reform efforts of the Democratic 111th Congress and the Obama administration. The law includes health-related provisions to take effect over the next four years, including expanding Medicaid eligibility for people

President Obama signed the Affordable Care Act on March 23, 2010. This law puts in place widespread health insurance reforms that expanded out over the last 4 years and continues to change the lives of many Americans today. Health care reform has been an extensively debated topic for multiple years, and the ACA is the first effective attempt at passing a law aiming to make health care not only affordable, but accessible for all individuals. The law impacts many Americans including, children, employers, government programs which includes federal and state, health plans and private insurers, health care coverage, health care cost, and the quality of care received. The main goal of the law is to expand health care coverage, broaden Medicaid eligibility, minimize and regulate health care cost, and improve the health care delivery system. In order to improve the health care delivery there have been new consumer protections established and an increase access to affordable care.

The Patient Protection and Affordable Care Act (a.k.a. Obamacare) was signed into law by President Barack Obama on March 23, 2010. While the act is directed at addressing one of the country's most pressing problems, it generated much controversy as a consequence of the ethical dilemmas that it brings on. The act provides individuals with a wider range of choices and control over their health coverage. It provides a series of benefits such as people getting lower costs on coverage, several important health benefits being covered in the Marketplace, more help in local areas, and pre-existing conditions being covered. However, it also involves a legislation claiming that most people have to have health coverage by 2014, with those who do not have it having to pay a fee.

Recent health care reforms have already showed action in the health care industry, but there are a set of rules that will take effect January 1, 2014. The Affordable Care Act delivers better health security by providing a comprehensive health insurance

Under the current healthcare reform bill HR-4872, there are several stipulations that will benefit everyone. The proposed bill eliminates the “Pre-existing Condition” clause that insurance companies have been manipulating around for many years. How many people have been stuck in dead end jobs, unable to further their career for the fear of being denied insurance coverage due to a pre-existing condition. The bill (HR-4872) also makes purchasing health coverage affordable. Under the current American system, the health insurance providers can pass on rate increases to the consumers without regard to the clients ability to pay or their after taxes income. It is estimated that healthcare insurance costs have increased as much as 18 – 25% over just the past three years alone. This dramatic increase in premium expenses has put healthcare insurance out of the reach of millions of Americans.