...Group 1 Week 4 Discussion #4 Outline potential benefits (2 minimum) and potential negative impacts (2 minimum) of the affordable care act (ACA). The healthcare system in United States is mostly dominated by the private insurance sector, whereas many countries have a universal healthcare system, the United States does not (Finkleman & Kenner, 2013). Because of the influence of the private insurance sector healthcare is very expensive and in most cases not affordable in Unites States. According to HHS.gov, “The Affordable Care Act puts consumers back in charge of their health care and under the law, a new “Patient’s Bill of Rights” gives the American people the stability and flexibility they need to make informed choices about their health (2014). Like every new law ACA also has its pros and cons. The benefits of having ACA is that it includes reforms designed to help all Americans, such as prohibiting insurers from denying coverage for pre-existing conditions, expanding Medicaid eligibility, subsidizing insurance premiums, and providing incentives for businesses to provide health care benefits (Sorrell, 2012). Insurance companies will no longer be able to drop clients when they become ill, the act has the potential to improve health outcomes across all income and age groups at a reduced cost (2012). Some of the disadvantages of ACA are that Americans who are employed will have to pay more for their health care coverage. Most middle-class Americans hold full-time jobs and...
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...Funding The Rising Cost of U.S. HealthCare Lauren Tucker Strayer University Health Services Administration November 2015 Dr.Becky Foster Overall Impact on U.S. Economy The economy of the United States is made up by one sixth in health care dollars. In accordance with the CDC, in the year 2005, the U.S. had healthcare expenditures of 2.2 trillion dollars. At that time, the United States led all other nations in healthcare spending with an average of $6,700 per person. Now, in 2015, the total spending has reached 4 trillion dollars. These figures indicate that the U.S. is clearly leading all other nations in total healthcare spending. In accordance with the Dept. of Health and Human Services (2005), this growth in healthcare costs affects employment and inflation. This can also push the government to raise taxes, cut funds from other areas in the economy such as education or vital services (police, fire, ,etc.) and affect other human services. The high cost...
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...Key Components of Affordable Care Act HCS/455 Key Components of Affordable Care Act The Affordable Care Act (ACA) came into federal law in March 2010 and was drafted by the Obama Administration. ACA is often referred to as “Obamacare” and one of the major objectives of the Affordable Care Act is to provide Americans with health care insurance. There are many types of individuals that will be seeking coverage through Obamacare. There are many types of benefits and drawbacks to any new health care policy and ACA has many of both. The Affordable Care Act has made a substantial impact on Medicaid and Medicare programs and well as health care in general. All of these will be discusses in this paper. Who Will Use the ACA? With private health insurance, Medicare, Medicaid, and health insurance through employers there are many Americans still left without healthcare coverage. Many of these people were younger adults that could not afford health care coverage after being dropped from their parents health insurance after age 19. the ACA is expected to provide financing to increase the proportion of legal, nonelderly residents with insurance from about 83 percent to about 94 percent, resulting in a reduction of 32 million nonelderly individuals without insurance by 2019 (Shi, 2014). Young adults without health care coverage are faced with outrageous bills when facing emergency medical treatments. Under the Affordable Care Act, young adults ages 19-25 are able to retain...
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...increase in store sales HR F OP M Incentive system had increased store profitability AREAS OF CONSIDERATIONS WEAKNESSES HR F OP M Expansion created a host of new problems in operation Closing of the main branch of Gintong Hiyas The staff tended to talk to each other less and kept to their own sections of the store most of the time Change in working relations among the staff in her store Unhealthy store environment Customer dissatisfaction AREAS OF CONSIDERATIONS I. External Environment OPPORTUNITIES Establishment of new shopping malls in Metro Manila Opened four new outlets located in different parts of the city HR F OP M ALTERNATIVE COURSES OF ACTION (ACA) ACA-I: Designate the employees to their respective section...
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...III. AREAS OF CONSIDERATION Strengths: 1. Unique and defined surgical procedure 2. Facility that encourages movement 3. Up to date equipment 4. Less time taken for operations as well as for recovery is lower than industry average 5. Full time experienced surgeons 6. Known worldwide for hernia repairs specialization 7. Loyal patients coming from 80 different countries Weaknesses: 1. It only accepts patients with uncomplicated hernia problems Opportunities: 1. Considerable unsatisfied demand Threats: 1. Some institutions push same day surgery 2. Increasing backlog on operations IV. ALTERNATIVE COURSES OF ACTION ACA 1. Add Saturday rotations to the staff ACA 2. Add in a new floor (45 beds) ACA 3. Maintain current hospital capacity VI. ANALYSIS ACA 1...
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...HEALTHCARE ACT As we all know the ACA has made healthcare affordable for people of all walks of life. The health law reduced the number of uninsured Americans by a total of two hundred million from 2010 to 2016. It did so by creating online markets. Those of us who didn’t get insurance through work or the government could shop for a health plan from a private insurer. The government offered subsidies for Americans with lower incomes to help pay their premiums and deductibles. What is most relevant to me are the pros and the cons of the ACA. The most important benefit of the ACA is that it slows the cost of rising healthcare cost. How so, you ask? It does so by providing preventive care for Americans who once couldn’t afford insurance. Preventative care is any medical...
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...however, the constitutionality of the law remained in question. In a controversial 5-to-4 ruling, The U.S. Supreme Court upheld the law on June 28, 2012. The ACA is thought by some as the United States health care rescue, and as its downfall by others. It is estimated that the ACA will provide new services to 64 million Americans, providing health care coverage to 32 million previously uninsured. In addition to providing new health insurance coverage, the ACA implemented several components that can expand access to health care. One policy change will allow single adults, who are in school to remain on their parents’ insurance until they are 26. Another policy prevents denying children health insurance due to pre-existing conditions, this same protection will be provided to adults beginning in 2014. Rural communities are now expected to have greater access to health care as a result of increased payments for physicians willing to relocate. Additionally, the National Health Service Corps expanded to provide more health care providers to underserved areas. Community health centers are also expanding to provide care to those with little or no income. As an incentive the government is also offering tax credits to small business owners in order to make health coverage more affordable for their employees. One aspect of the ACA covers preventative care services without out-of pocket expenses through co-payment, co-insurance, or deductibles. The aim is to decrease health care cost through...
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...Case Paper on Pinetree Motel ACC5000 Financial Accounting Submitted to: Professor Fe Violeta G. Baluran Submitted by: Presenting Group 2 Kelvin Go Alice C. Lee Kristian Jewel P. Taiño 17 October 2009 CASE BACKGROUND The Pinetree Motel is owned by Mr. and Mrs. Ilyong Kim and was purchased way back 1998. It is a 20-unit motel and was located near a vacation area that was [popular during summer and winter seasons. The Kims had been longing to have a business of their own – that’s why they ventured in this kind of. The couple felt that they had been successful. Each year saw a growth in revenue from room rentals, their bank balance had also increased. Their customer turnaround had been evident as well, maybe because of their efforts in providing a consistently clean rooms and up-to-date furnishings. Because of the lack of formal training, problems started to arise and this alerted them to management issues and concerns. Though the couple devoted their time in the business, they have hired a part-time help for daily room cleaning tasks. They also lack dining facilities the reason why the vending machines are installed to supplement room rentals; in which the vending machine company provides the servicing and maintenance. Mr. Marcus Carter is a frequent guest in Pinetree Motel became acquainted with the Kims. In the year 2006, Mrs. Kim showed Mr. Carter the current issue of the motel trade journal that contains data for...
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...Ateneo de Davao University E. Jacinto St. Davao City CASE 1: THE RECALCITRANT DIRECTOR AT BYTE PRODUCTS, INC.: CORPORATE LEGALITY vs. CORPORATE RESPONSIBILITY In partial fulfillment of the requirements for MGT 426: Strategic Management 2:35 pm – 3:35 pm / MWF / C306 Members: Castillo, Nikka Paula C. Esparagosa, Maribeth Morta, Winadel B. Panaligan, Rosemarie D. December 2, 2015 I. Background of the Study Byte Products Inc., which is located in the Midwestern part of the United States, is known to be the largest producer of electronic components which is mostly used for sophisticated business and engineering applications. Byte Products, Inc. has been the top producer in the industry because it has secured a spot on the electronic computers market getting 32% of the market share. Their strong market share has consistently given them an annual increase of their revenues which eventually lead to total sales of approximately $265 million. Byte products currently have three (3) plants operating at full capacity. Because of the increasing demand of their products, Byte cannot simply meet the increase in demand. Several members of the board had presented solutions to the problem, but some has objected to the proposals. II. Problem Statement What strategy should Byte Products, Inc. implement in order to meet its demand problems and maintain its status as the industry leader of producing specialized electronic components? III. Point of View James M. Elliot, CEO and...
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...Funding the Rising Cost of U.S. Health Care. BY Vilando. HSA500 November 15, 2015 Funding the Rising Cost of U.S. Health Care. The United States continues to spend significantly more on health care than any country in the world, however, even though with this statistics the U.S has a lot of uninsured and does not have the healthiest citizens. In this paper, opinions will be given on the rising cost of overall’s health care’s impact in the U.S economy, followed by a comparising and contrasting factors impacted by the new health care act, pros and cons of using the private insurance rather than using the new health care reforms and the cost associated with its implementation and access to different groups will also be discussed. Rising Cost of Health Care The cost of the U.S health care system is higher than any country in the world. Its efficiency is also under serious scrutiny. If it was not an emergency, most physicians would require insurance verification. Therefore patients will be delayed of treatment. Moreover, the health care system in the U.S should be redesigned in terms of prevention rather than treatment with people who are already sick. Insurance should not go higher for people that have pre-existing conditions or with more health risk. Also the emergence and new discoveries in the field of...
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...Case Analysis: Perfect Pizzeria I. Statement of the Problem Perfect Pizzeria has no formalized training nor was there any systematic criterion for becoming a manager. This led to a low effort to performance expectancy as the managers doubted their capability to perform the duties as a manager effectively. Hence, the managers lacked the confidence and knowledge to take initiative in solving certain problem that occurred during business operations. Also, the employees are not motivated to perform their respective roles unless they are under constant supervision. How will the company prevent itself from having incompetent and untrained managers and employees? II. Objectives ▪ To be able to keep the company prospering despite employee and managerial problems ▪ To be able to have a clear and definite basis for hiring managers and employees ▪ To be able to improve manager-employee relationship within the company III. Areas of Consideration 1. Vague Corporation Policies The whole set of policies seems to convey the message that the corporation is very important, while the individual is practically expendable. Therefore, this communicates a clear message as to the value the corporation places on the managers. Moreover, the ultimate indignity comes when managers are told that if they want to advance beyond managerial position, they must invest in the corporation. 2. Performance incentives are very limited. Performance for...
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...LEVI STRAUSS JAPAN K.K. CASE REPORT TIME CONTEXT : May 1993 POINT OF VIEW : Mr. A. John Chappell President and Representative Director MAIN PROBLEM: Levi Strauss Japan K.K. is faced with the dilemma of shrinkage of jeans market. It appeared that after two years of shrinkage (1990, 1991) the market contracted further in 1992. SECONDARY PROBLEMS: 1. Part of the shrinkage of the market can be attributed to the very selective way of choosing retail outlet and sales agents of Levi Strauss Japan K.K. 2. Another cause of market shrinkage is due to the specialization of competitors mainly on women’s jean that brought the industry to a stiff competition. 3. In the side of Japan government, another factor detrimental to the company’s market size is its imposed policy like lowering birth rate and demographic shift to older population which Levi Strauss needs to cope. COMPANY OBJECTIVES: To increase market share of Levi Strauss Japan K.K. from 16% to 20% by the year 1995 and continuously produce quality products that never goes out of style. AREAS OF CONSIDERATION: SWOT ANALYSIS: STRENGTHS 1. Levi Strauss Japan K.K. has an established name in the jeans industry since it had been in operations last 1971. It has been known with its quality product that never goes out of style. 2. LSJ employed a similar strategy to Levi Strauss in the US emphasizing heavy advertising spending. Since 1976, LSJ spent...
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...benefits, especially for the lower to middle income families and businesses. However, it has some obstacles for higher earners, and larger companies that do not insure their employees. One of the most noted pros to the ACA is their achievement in insuring millions of people with affordable, high-quality health insurance. Unfortunately, in order to get the money to cover these millions of newly insured people, taxes are increased, which directly affect us. You are now personally responsible to get health insurance coverage through the multiple companies that offer through the exchange. If you do not get coverage you have to pay a penalty fee. This adds more complications at tax time. However, with the new reform, many protections are in place to ensure that you can’t be dropped from coverage immediately whenever the insurance company decides you are getting sick too often. You also can’t be denied coverage or treatment for being sick or get charged more. I would say that is a big pro to the ACA. You can no longer be charged more for being a woman because you may need extra medical attention due to pregnancy or other yearly checkups. With that said, because insurance companies have to cover sick people, this increases the cost of everyone’s insurance. Another bonus to the ACA is the employer mandate which states that businesses with the equivalent of more than 50 full-time employees must provide health coverage. The downside to this however, is with the anticipation of the mandate...
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...largest single payer health entity spending $57.9 billion in 1980, $271 billion in 2003, and $513 billion in 2010 (Social Security Administration, 2012). Whereas, Medicaid being state funded, its governance is state-specific for spending. There have been very few changes to The United States health care payment system since Medicare’s and Medicaid’s inception, until March 23, 2010, when President Barac Obama signed into law the Patient Protection and Affordable Care Act (ACA). The three main goals of the ACA are to: increase the access to health care for all Americans, increase their quality of care, and make this care affordable. Unfortunately, despite the ACA’s good intent, its scope was far reaching, glossed over current problems within health care, and created more issues. It is filled with contradictory verbiage that required multiple teams of lawyers to decipher (with many different interpretations), and changed health care reimbursement with unknown consequences. Description of Policy and the Legislation The ACA attempts to solve the reimbursement problems in several ways. The act established the Center for Medicare and Medicaid Innovation within the Centers for Medicare and Medicaid Services, which is responsible for overseeing voluntary pilot reimbursement models (Guterman, Davis, Stremikis, & Drake, 2010) . The pilot models include: patient-centered medical homes, accountable care organizations (ACO)(Goldsmith, 2011), temporary 2013/2014 increases in the reimbursement...
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...stay in McDonalds from dawn to closing time and whether they have the right as customers to do so. It is true that elders are entitled to a certain level of respect but in turn, elderly customers should have the decency to return that respect to the business establishment. Considering that McDonald’s branches in the US offer coffee and free refills to customers in the morning, it may seem exploitative towards McDonalds. Having customers who loiter inside for unconventionally long hours will also cause them to lose business. McDonalds is a business establishment, not a 24-hour social center for seniors; the imposition of a time limit was simply a solution for the branch to counter impractical customers. ACA Remove the time limit Pros: No complaints from customers Cons: Bad for the business as the particular branch has a big issue concerning loitering customers...
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