Obamacare Will Impose New Health Coverage - 963 Words

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. Higher Health Care Costs. Obamacare does nothing to reduce the continually increasing costs facing businesses that provide health insurance coverage. In fact, Obamacare’s wide variety of benefit and coverage mandates—combined with new taxes, fees, and penalties—will increase the cost of providing coverage. The increased costs of health insurance might lead employers with fewer than 50 employees to drop coverage if they currently offer it, as there is nothing in Obamacare that would prevent them from doing so. Employers that do offer coverage might respond by changing their health plans to accommodate the cost increases. For example, UPS has restructured its coverage to exclude the working spouses of its employees. The company expects this to affect 15,000 employees for an annual savings of $60 million. UPS very clearly cites additional costs imposed by Obamacare as a contributing factor in its decision, listing several Obamacare provisions that increased their costs.1 2.Show MoreRelatedThe Middle Class And The Affordable Care Act1385 Words   |  6 PagesWhile researching the topic of the middle class and the Affordable Care Act (ACA) otherwise known as Obamacare, I found many articles about the impacts of the ACA on the middle class. The majority of these articles discussed how the ACA has negatively impacted the middle class and has made the middle class Americans have to pay higher taxes and premiums. These articles also show that for those who were previously uninsured, the cost of medical care has gone up. My goal in this paper is to show howRead MoreHealth Care Controversy: Obamacare972 Words   |  4 PagesHealth Care Controversy Obamacare may be one of the most debatable topics at the moment ever since 2010. For those who are still confused on what Obamacare is and how it works is understandable and common amongst Americans. Obamacare is also known as the Affordable Care Act. It can be summed up as a law that ensures every American has access to health insurance that is affordable and within their budget. This is done by offering people discounts on government-sponsored health insurance plansRead MoreThe Patient Protection Affordable Care Act Essay1648 Words   |  7 PagesAffordable Care Act, more commonly known as Obamacare, was passed in June of 2010 by the Supreme Court (Doyle 1). Georges C. Benjamin, MD, the executive director of the Public Health Association says: The new law will guarantee millions of Americans access to quality, affordable care regardless of health status; decrease rates of the nation’s leading chronic diseases; control soaring health spending; and strengthen our battered public health infrastructure†¦ Health reform and its historic investment inRead MoreEssay On Health Care1446 Words   |  6 Pageshealthcare reform law – the Affordable Care Act (ACA) or Obamacare – have raged for almost a decade, with new fury now in the â€Å"repeal and replace† initiatives of the Trump administration (Berwick). The act is complex, the more so because its provisions build on an already tortuous non-system of financing and delivering care to the people of the U.S. (Berwick). Providing Americans with â€Å"affordable healthcare† is still lacking, therefore the U.S. health sector qualifies for some government intervention.Read MoreIn Debt with Health Insurance1449 Words   |  6 PagesDebt with Heal th Insurance More than 60 percent of personal bankruptcies in the United States are caused by medical bills. Of those bankruptcies that were caused by medical bills, 75 percent of them involved individuals that have health insurance. When an individual gets sick in this country their first thought is usually ways they can avoiding going to the doctor so they do not have to try and pay for their visit regardless of if they are insured or not. Even now after the Affordable Health Care ActRead MoreThe Benefits Of The Affordable Care Act1398 Words   |  6 Pagescontrol of both houses of Congress by the Democrats led to the passage of the Affordable Care Act (ACA), often referred to as â€Å"Obamacare† was signed into law in March 2010 since then, the ACA, or Obamacare, has become a centerpiece of political campaigning† (Manchikanti et al., 2017). The Republicans now being in absolute in control of the presidency and both houses of Congress and are attempting to repeal and replace the ACA. Moreover, the future of the healthcare reform is still uncertain, especiallyRead MoreU.s. Healthcare System And Recommendation For Improvemnt1022 Words   |  5 Pagessystem: Center of Medicaid and Medicare Services covers 100 million people over Medicare, Medicaid, the Children s Health Insurance Program, and the Health Insurance Marketplace. They also aim to accomplish a high quality health care system; for improved care at lower costs and enhanced health. Center of Medicaid and Medicare Services contracts with health plans to deliver managed health-care for all Part A and Part B services as well as other facilities not normally covered by traditional MedicareRead MoreThe New Affordable Care Act1654 Words   |  7 Pagesis perfect. However, although this new health care may have some flaws in the beginning, some may say that there are a little more just minute flaws. Some may express that the new Affordable Care Act may be a reform that will hurt us rather than help us. â€Å"If there is any area of social policy in which Americans are likely to be aware that their system has flaws, it is in health care.† As if America it is not already the cou ntry that has the most expensive health care system , â€Å"Americans pay an averageRead MoreFinding Common Ground Essay1105 Words   |  5 Pagesthe Affordable Care Act (ACA); this date is when the growing debate began. The Affordable Care Act is also commonly known as Obamacare. A large issue between the opposing sides is the future of small business under this bill. â€Å"Many small businesses are going to be absolutely crushed by the provisions in Obamacare that require them to provide expensive health insurance coverage for their employees.† (Snyder, Michael) â€Å"3.2 million small businesses — employing 19.3 million workers nationwide — were eligibleRead MoreThe Affordable Care Act ( Aca ) And Obamacare1678 Words   |  7 Pages2010, President Barack Obama made an extensive reform to the United States health care industry by signing the Patient Protection and Affordable Care Act, commonly referred to as both the Affordable Care Act (ACA) and ObamaCare , into law. This act was enacted with the intent to decrease the cost of healthcare so roughly 46 million uninsured Americans could have access to inexpensive, high quality health insurance coverage (Discover the Network). The two main provisions of this law were the individual