Christmas Eve 2009 marked an important date for the beginning of the Affordable Care Act Bill (ACA). It was on this day that the bill was passed through the Senate where the majority democratic party voted yes on this historically altering bill. While the main provision of the bill is to provide health care benefits for all American citizens the bill is a lot more than just that. With provisions that have nothing to do with health care reform, new taxes that will affect the businesses that have to follow the new regulations, and the questions raising the constitutionality of the bill the ACA is a very intriguing topic. Small businesses account for a large portion of job growth in America and there are fears that the ACA will squander this …show more content…
While reductions can occur those that will see a reduction will only account for 35 percent of small businesses while the remaining 65 percent will see an increase (Harrison). The reason why the reduction percentage is so low compared to the increase is because in the ACA in order to be eligible for a decrease a firm has to have exceptionally sick or at-risk workers. We have already seen a change in these rates and according to the National Small Business Association premiums in 2009 was $590 per employee monthly and now in 2014 they have spiked to $1,121 per employee per month. Now while these are just numbers and the people that wrote these words do not personally own businesses you can assume that there is some bias in the words and that is why using a real time business owner would be the best way to see the impact it has had
Tim Graboski has owned Tim Graboski Roofing for over 20 years and has made it through the various economic shifts in America to still be standing today as one of the best roofing companies in South Florida. Graboski spoke on a wide variety of topics on the ACA and tried to determine all aspects negatively and positively on the ACA on small business and the American people. Shortly put he found no positives. Graboski started by mentioning the burden that the ACA would put on the employer
"the ACA will be bad for businesses and job creation because it will force employers to offer a minimum standard of health care to employees." (Brenner 1 of 8). A real life example of this is observed when "the Cleveland clinic announced last week it would be cutting jobs and slashing 5 to 6% of its $6 billion dollar budget, all to prepare for Obama care[The affordable care act]" (Brenner 2 of 8). Another gripe about the ACA is that the ACA will not benefit hospitals and long-term care homes and organizations. "The ACA also includes provisions for reducing payments to hospitals with high levels of readmissions" (Zuckerman 6 of 12). As all of this is happening the ACA has rearranged care and now people have different doctors because their old doctor no longer accepts their insurance or won't supply the medicine they need. "As fewer people seek care due to rising out of pocket costs, and patients have their treatment delayed as they search for a new doctor because their current physician isn't in their plan. This atrocious law could bankrupt this nation and kill Americans" (Brenner 3 of 8). Plus the icing on the cake of this whole fiasco is, "All this great stuff has been obscured by the bungled launch of the government's healthcare.gov website" (Harrop 2 of 7). The ACA aims to hurt the small business sector and hurt families as they
I would like to share an article that I found very interesting because it talks about the effects of the ACA. The author, Amy Anderson went on to explained that ACA bring about changes, which is a burden for health professions since that have to work excessively long hours, they are dissatisfied, and have cause a reduction in care providers. In addition, ACA has now required more paperwork which robs the patients of quality care time with nurses. Last but not least, the pay-for-performance program is pushing providers to the edge of indebtedness, while gambling with patients’ lives like bait for
The ACA is planned to be paid by wealthy Americans, insurance companies with high benefits, tanning salon users, and companies who make medical devices and drugs.1 In the perspective of budget deficit, this is working. In fact, the deficit
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.
The Affordable Care Act aims to help small businesses get health insurance for their workers. According to the US government, the Act should "help increase the number of primary care physicians, nurses, physician assistants and other health care professional.
The Affordable Care Act or ACA is a federal statute initiated by President Barack Obama, its intended effects were to supply medical coverage at a low cost to millions of Americans who could not afford access to healthcare. There are a variety of economic and scholarly opinions regarding the ACA’s effect on the healthcare market. Many of these viewpoints have changed over the course of Obama’s presidency as the statute began to affect individuals and the healthcare market.
Individuals checkbooks are not the only place that is going to take swift punch to the gut. Small businesses -- having 50 or less employees -- are also going to take a brutal hit. Several plans provided by small businesses will have to be terminated unless they are changed so they meet all the needs of the new requirements of the Affordable Care Act. The American Enterprise Institute “estimated that as many as 100 million working Americans will lose their employer-sponsored insurance coverage”. Small businesses already are paying more for their health insurance now they are going to lose it all together. Small businesses who
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
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”).
In February 2017, the news was dominated by stories and video of town hall meetings with constituents telling their representatives stories of how the ACA had benefitted them or their loved ones in one way or another (Colliver, 2017). There is no doubt that the law has helped thousands, maybe even millions of people across the country. There have also been stories of individuals who have health insurance, but are unable to use it because of high deductibles, which effectively render the insurance policies these people hold emergency only plans (Luhby, 2016). This is most certainly an unintended consequence of a law that was written with good intentions, but which needs to be modified to work with the real life situations the citizens of this country are faced with.
The Affordable Care Act, also known as Obamacare, is an act passed by president Barack Obama on March 23, 2010. This act, which provides affordable health insurance to Americans, was passed for three primary reasons. These reasons are to reduce the number of individuals in the United States who currently are not covered by some form of health insurance, to improve the availability and quality of existing health care programs, and to reduce the cost of health care to individuals and the government (“Patient Protection”, 2014). The Affordable Care Act has been successful in some ways, but ineffective in other ways since it was passed in March of 2010. For example, Obamacare has helped expand Medicaid and has helped those who have Medicare. However, this act has had a negative impact on the uninsured and on insurance premiums. In addition, some small businesses have benefited from this act, while others have had a negative effect. The Affordable Care Act has many pros, but it also has some cons, which is why there are still some changes and ideas that I would like to see implemented in our healthcare system.
The Affordable Care Act (ACA) is considered to be one of the most radical health care moves in legislation after Medicare. The reason being that it will provide universal health coverage to everyone regardless of circumstance. An evaluation of ACA’s influence on health care will be evaluated in this paper.
In the last four years, the United States has implemented a new reform in our medical system called the Affordable Care Act (ACA). Its goal is to reform the health care system, by providing Americans with a more affordable health insurance policy. It also tries to compress the growth of healthcare spending in the United States. The ACA offers Americans better health coverage because of the widespread reforms that are included. These reforms will expand our healthcare coverage, hold insurance companies liable, lower health care costs, guarantee more choice for patients, and improve the quality of healthcare for all Americans (Markette, 2011, p. 12). As the law has passed, there have been many people affected. For example, the craft supply
The Affordable Care Act (ACA) has been a topic of dispute since its introduction and continues to be discussed by politicians in the U.S. and throughout the world even after its passage. The Act has many opponents and is the cause of much controversy nationwide, primarily because it introduces higher healthcare costs for the richest citizens. Nevertheless, the ACA is an important stage in the American healthcare development process as it not only allows more people to receive healthcare services, but will also reduce the deficit. However, not everyone agrees. The policy is controversial in terms of cost vs. benefits, but the benefits ultimately outweigh the costs.
The primary goal of the Affordable Care Act was to expand health care access to Americans and subsequently reduce the number of uninsured in the nation. From September 2013 to March 2015, there was a significant reduction in uninsured Americans from 17.6% to 10.1% (Anderson, Hempstead, Karpman, Kenney, Long, Shartzer, Wissoker, Zuckerman , 2015). This was achieved through the new laws affecting private insurance and the expansion of the government’s Medicaid program. The ACA started the process by extending tax credits to an estimated 4 million small businesses that would help them provide insurance for their workers in 2010 (Implementation, 2016). In 2013, a marketplace exchange was finally opened for the American people to compare and purchase