Dimensions of a legislation that can have an impact on masses are often intricate and far reaching especially, if the legislation addresses some primary necessity its impact and consequences are required to be watched even after its implementation to safeguard public interest …
This memo will investigate the impact of ACA on Employer-Sponsored Insurance (ESI) and will specifically examine various aspects of the Act that can discourage large employers’ to offer healthcare coverage to their employees. This can ultimately result in reduced access and quality of the healthcare services and increased costs. ACA is a law of primary importance for the people of United States because it aims to address many long standing issues with our health insurance policies including the coverage of children on parental policy, cessation of ‘donut hole’ for seniors, elimination of lifetime dollar limit on coverage, free preventive care and many other provisions with an aim to cover every segment of the society to maximum possible limit of coverage, even the uninsured people with a program to extend access to insurance and more funds to states to help them in extending Medicare facilities to low-income seniors. In essence, the program is a tremendous effort to fill the gaps of insurance coverage while safeguarding the rights of stakeholders. Still, there are areas which required attention of the legislators to device some amendments in the program in order to ensure and extend its impact on access, cost and quality of health care services. The employer sponsored insurance coverage is the hottest among the controversial issues associated with provisions of ACA that are supposed to be in effect by 2014. There are two major aspects of the ACA provisions, firstly the impact of Tax Credits to small businesses and its impact on coverage offers by the employer to low and medium salaried employees and secondly the impact on large employers after 2014 when the law will be in effect with all its provisions. The employer-sponsored insurance (ESI) is of immense importance to the American people because larger employers plays an important role in overall health insurance coverage and if these firms decided to drop the coverage its impact will certainly deplore the positivity of the ACA. However, there is a clear divide among the experts and analyst over the estimates of large firms’ response in 2014. Some forecast a big drop in ESI and other estimate it to be stable. “ While the overall ESI market is likely to remain fairly stable, modelers and other experts agree that some firm types and covered subgroups are likely to experience changes in coverage soon after 2014.” (Avalere, 2011). Although most of the surveys and analysis project a stable ESI market in post-2014 scenario, there are experts, firms and analyst who oppose with some valuable reasoning and proclaim that ACA provisions can cause a major shift in employers’ policy of health insurance offerings. “Overall, 30 percent of employers will definitely or probably stop offering ESI in the years after 2014.” (Singhal, Jeris, & Drew, 2011). This is certainly an alarming statement because of heavy reliance of nonelderly Americans on employer-sponsored health services and no real solution of increased healthcare access and quality can prove beneficial unless it addresses this sector correctly and U.S. Department of Healthcare and Human Services is aware of the fact, “The U.S. employer-based health insurance market provides insurance coverage to nearly two-thirds of the population under 65. In addition, nearly 80 percent of the uninsured live in a family where at least one adult is employed. Therefore, building on these programs might be an attractive component of any ...
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(Affordable Care Act Essay Example | Topics and Well Written Essays - 750 Words)
“Affordable Care Act Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.net/nursing/38067-affordable-care-act.
In this case, we have our current president, Barack Obama championing the cause of his health care system for all Americans which has been come to be known as Obamacare but is actually known as the “Affordable Care Act”.
The need to implement patient protection and affordable act came into the public concern after they realized that the current system was under scrutiny, and it did not provide adequate care to the Americans. A statistic report indicated that, as of September 2010, approximately 50.7 percent of Americans were uninsured, and they did not have a proper plan of settling their medical bills.
The major reason for introducing a healthcare reform was to reduce the economic burden on citizens. This paper tries to examine the US heath care reform bill, its economic effects, conditions that led to the introduction of the bill and some controversies linked to it.
Attempts to restructure the health care system to necessitate accessibility and affordability of health care services through enactment of all inclusive policies in the United States date back to the early 20th century During president Theodore Rosevelt’s term, the progressive party tried to initiate a national health insurance program unsuccessfully.
Therefore, it was in conjunction with Health Care and Education Reconciliation Act (Feldman 19). Together, the two acts are expansions of the governmental regulations within the health care system in America. The Patient Protection and Affordable Care Act has an aim to ensure a wide spread of health insurance across the country.
Majority of these constitutions have put in place healthcare as a basic right of every citizen in terms of diagnosis, treatment, rehabilitation and prevention of basic environmental, waterborne, genetically acquired ailments and other contracted diseases in the daily activities of the citizens.
Affordable Care Act (ACA) signed in to law by the President on 23 March 2010 is no exception. This memo will investigate the impact of ACA on Employer-Sponsored Insurance (ESI) and will specifically examine various aspects of the Act that can
On the other hand, the critics of this health care policy argue that it will be too costly for the government to bear, and May lead to a bloated federal debt, as well as, to a higher taxation system against the rich and
f ACA is to improve the quality, accessibility, and affordability of health insurance, reducing the rate of the uninsured through expansion of private and public insurance coverage, and lowering the costs of healthcare for Americans and the government (Gruber & Newquist, 2011).
The act enables individuals to choose the package they prefer at subsidized rate. The Act also advocates community-based programs that aim to prevent development of chronic and common illnesses (Department of Health and Human
1 Pages(250 words)Essay
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