The Healthcare Reforms Act 2010

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The Healthcare Reforms Act 2010 or the Affordable Care Act introduces the universal form of health care. The ACA seeks to reduce healthcare costs and allow people to be more engaged in their own health care. The ACA intends to make healthcare more affordable and increase access of health care by expanding government’s Medicaid program to the financially disadvantaged, such as the low income earners, disabled people and people over 65 years of age (Arvantes, 2010). The healthcare reform ensures every individual in America has a government or private insurance to cater for their hospital bills. Besides this, 60% of America citizens have their health insurance covered by their employers. Most of these citizens are employees of small business or large companies. This means that the introduction of the healthcare reform has some differing effects on businesses. This paper seeks to examine the different effects that the healthcare reforms will have on both small and large businesses in the United States. The paper compares the impact of the current healthcare system on business with the impact that the proposed healthcare reforms will have on businesses (UDHHS, 2010). Some critics have raised concerns that the healthcare Reform Act of 2010, also known as “ObamaCare” would have some negative effects on businesses. This paper consolidates several rigorous studies that address the evidenced effects of healthcare reform on small firms and businesses. The paper also presents the impact of the healthcare reform on employer costs, coverage and offers based on a survey by the Urban Institute presented using a Health Insurance Policy Simulation Model (HIPSM). The government plans to accomplish this by controlling the insurance premiums incre... ... middle of paper ... ...p or prolonged illness (pre-existing conditions) to be able to afford the healthcare insurance coverage. One of the priorities in the American healthcare system at the moment is to develop health care initiatives affordable and accessible for the low income earners and the homeless in America (Barton, 2013). There is no doubt a dire need of healthcare reform in America. However, the proposed healthcare has some positive and negative aspects that impact on businesses. This paper has discussed these aspects in detail to set a framework that can receive certain considerations by the policy makers by reviewing those aspects that have dire negative impact on businesses. This would create an environment where both large and small business will be at an advantage to offer a health insurance covers to their employees, and everybody will benefit from the healthcare reforms.

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