The Patient Protection and Affordable Care Act

Davis Weiss The patient Protection and cheap Cargon subroutine is a federal official official statute that was signed into law in America by President Barack Obama on March 23, 2010. It is divided into 10 titles. The measuring contains comestible that depart go into effect on June 21, 2010 and September 23, 2010. alike, the additional comestible exit go into effect in 2014. backup I of H. R. 3590 pull up stakes ensure quality affordcapable wellness accusation for both Americans by eliminating discriminatory practices by wellness insurers such as pre-existing retainer exclusions. style I as well as extends dependant cover time up to advance 26, caps indemnity companies non-medical expenses, and prevents unfair termination of insurance policies. Title II expands eligibility for Medicaid to humiliate income persons and assumes federal responsibility for much of the exist of this expansion. These carte du jours advance enhanced federal support for the Childrens H ealth Insurance Program, simplify Medicaid and CHIP enrollment, and advance Medicaid services.Title III get out streng past the quality of wellnessc atomic number 18 by establishing The Physician Quality Reporting Initiative (PQRI) which is a value-based purchasing weapons platform for hospitals that link Medicare presentments to quality performance. Title IV puts into place a in the raw interagency council to promote wellnessy policies and to establish a national prevention and health promotion strategy. Title V result encourage innovations in health care work draw off training, recruitment, and retention, and pass on establish a novel manpower commission.Title VI creates bran-newly(a) requirements to provide information to the public on the health system and promotes a newly invigorated set of requirements to bit fraud and abuse in pubic and private computer programmes. Title heptad allows certain hospitals and treatment centers to receive discounted and/or g eneric drugs to aid their bud tucker out. Title seven-spotI establishes a new, voluntary, self-funded long-term care insurance program, the Community vivacious Assistance Services and Support (CLASS) Independence Benefit Plan, for the grease matchlesss palms of familiarity living assistance services and supports by persons with functional limitations.No tax constituteer gold bequeath be used to pay benefits under this provision. Title IX levies an excise tax of 40 percent on insurance companies and program administrators for any health coverage externalize that is above the threshold of $10,200 for singular coverage and $27,500 for family coverage. It besides requires employers to disclose the value of the benefit provided by the employer for separately employees health insurance coverage on the employees yearbook Form W-2.And lastly, Title X requires employers that offer and buzz off a component towards employee coverage to provide loose choice vouchers to subject employees for the bribe of commensurate health plans with Exchanges. The persevering Protection and cheap shell out transaction reforms the health care system by expanding the availability of health insurance, regularization health insurance coverage, and restructuring health care delivery, including how it is pay(a) for. The bill would cut back the number of uninsured Americans by 31 billion, leaving only 6 percent of nonelderly adults uninsured.A number of different mechanisms are used to cast up coverage, including expanding Medicaid, which provides insurance to low-income parents and children at very small cost establishing state-based insurance exchanges with subsidies for low- and middle-income households requiring individuals to control coverage and mandating that most employers offer health insurance. The new act would assume Medicaid available to all individuals earning less than 133 percent of the federal poverty line, or $14,500 a year ($29,500 for a family of four) while improving services for beneficiaries.The Patient Protection and inexpensive Care Act also create state-based health insurance exchanges, called Health Benefit Exchanges, which are foodstuffplaces where consumers can shop for and purchase health insurance. The Patient Protection and Affordable Care Act allow numerous reforms of the health insurance market, in numerous cases regularisation this market for the initiative-year time. The Congressional Budget Office estimates that near 8 gazillion such persons would remain uninsured.Additionally, the bill restricts access to abortion services in the Health Benefits Exchanges and, in particular, for people receiving federal subsidies. The Patient Protection and Affordable Care Act saves bullion by reducing the cost of premiums that families and individuals pay to maintain their health insurance policies. It also saves specie by get rid of waste in the medical industry by establishing a center where physicians can report waste and by supporting coincidence shopping for medical equipment. In addition, the act helps small businesses to save money by giving them the opportunity o offer health benefits to their employees without destroy the budget of their company. The Patient Protection and Affordable Care Act swot up revenue by imposing an yearly fee on the health insurance sector. Such fees would be imposed on insurance companies that lead astray high cost health insurance plans. The fee is designed to vex smarter, more cost-effective health coverage choices. The reconciliation bill delays this new fee until 2018 so that plans have time to implement reform and set out to save from its efficiencies.The arrive of the fee is $8. 0 billion in 2014, $11. 3 billion in years 2015-2016, $13. 9 billion in 2017, and $14. 3 billion in 2018. According to the Congressional Budget Office (CBO), the edict will master the deficit by $138 billion over the first decade and by $1. 2 trillion in the second decade, as compared to trustworthy legislation. The CBO has recalculated its estimates several times, first projecting a savings of $132 billion, thence $118 billion, and $143 billion. It also join ons the Medicare Hospital Insurance (HI) tax rate by 0. component part points on an individual taxpayer earning over $200,000 ($250,000 for married couples filing jointly). The revenues from this tax will be credited to the HI trust fund. The taxable base of the HI tax is also broadened by including net investment income. The act would also impose a ten percent tax on amounts paid for indoor tanning services. The tax is effective for services on or after July 1, 2010. Reduces the deficit in the next ten years and beyond. The bill is fully paid for with revenue comestible that focus on paying for reform within the health care system.The Patient Protection and Affordable Care Act1. Determine how this Federal law will presume market-driven and non-market driven decisions. This federal will appropriate the marketing aspect of the health care industry regardless if they are driven or not. If the companies are driven and market correctly then they will be able to attract people that are willing to pay for the services they provide. This will have for private health insurance providers to change the focus they provide services. The new marketing strategies will show how they are providing better care for those who have pre-existing physiques.This law will affect how the private health insurance sector markets the different types of services they provide. The companies will have to go back and look at how they are marketing their services to get the clients they requirement to attract. If they are market driven then they will market things that are more appealing to the clientele they present-day(prenominal)ly serve or want to be serving, this could involve free health screening, more ten-strike for their bucks, and the opportunity to understand all th at the company offers to its insured.Some will be more ambitious to provide new marketing ideas to keep current clients and attract new ones while others might hate change and expire s cut back towards new ideas. This will cause them to either loose current clients and not attract new ones. 2. Describe the circumstances at which you would invent a strategic plan to admit this new law in your marketing decisions, knowing this new law whitethorn or may not take effect. I would focus more on the come in of providing current policy holders that currently have pre-existing conditions with better options to health care.I would try to incorporate lower premiums or not charge them as much as competing insurance companies do. I would advertise free screening to all my customers and guarantee coverage. I would sit down with severally of my potential policy holders and explain to them the ins and outs of what we offer and what would benefit them. I would want them to happen cared about and not fairish other policy number. They would feel comfortable coming to us with questions or concerns they may have about their policy.I would provide an around the clock support line just in case they came across a situation where they needed guidance. Also something that would be extremely important would be to have a website where all the needed forms can be accessed and they would also have access to their news report information online. My marketing strategy would emphasize on family and hospitality, since thats whats most important to people. 3. Discuss how separately of the five (5) environmental forces will be affected by the new law, which you believe will be the most affected and why. -Jockeying for position among current competitors.This is the aggressive competition between current firms or companies, the fact that these insurance companies will spend so much on having the best marketing strategy will cause the return compensation to be low. This is because they s pend so much money on marketing and competing with its opponents. -Threat of new entrants. Since the new law applies to everyone that means everyone will most likely have to deject from scratch or updater their antics. If its behind for new comers to come along and get their program up and running, the competitions between the difference companies will only become fiercer.Some barriers of entries for the new comers are if existing customers can trust their current companies, or if in that respect are elevated fixed rates or not abounding access to resources. -Bargaining military unit of customers. If the consumers can produce enough force to affect how many an(prenominal) boundaries and capacity they can create, then they hold an unimagined amount of power. Reasons why the consumers can have so much power is if they procure large amounts of the products being sold, if the company doesnt have very many clients, or if they have the opportunity to change companies due to produc ts eing so easy to come about. -Threat of substitute products or services. Depending on whether or not the cost of changing up providers is low and more efficient will desexualise if substituting is necessary. If the insurance companies are marketing the same products and services that one is already using depending on which more is appealing to the purchaser will determine who gets the service. -Bargaining power of suppliers. If these insurance companies can produce enough force to affect how many boundaries and capacity the companies can create, then they hold an incredible amount of power.Reasons why the companies can have so much power is if there are limited or no alternates, not many companies with products of interest, or they have something of extreme interest to the buyers and they cant go without it. I think the rivalry between the current firms will be affected the most, because they will be so wrapped up in their marketing strategy and trying to be the best that they wo nt really notice how much money they are spending on the project.Once it starts to show that they are actually losing more money than they are making then it will be too late and another company would have come in and stolen the pie. 4. Describe one (1) new target audience and include the characteristics of their demographic and psychographic profiles. The new target audiences the insurance companies are focused on are lower middle income families curtlyer of higher income families. They base this on income brackets, which neighborhoods theses potential clients live in docile collar workers versus white collar workers.Some companies only serve them through current employment under business aspects. Another target audience is expecting women the insurance companies are looking to insure the baby as shortly as its born. This way they can collect premiums on the infants from the start of their lives, while insurance policies for them are extremely high. They also allow young peopl e to be insured who are likely to die soon due to illnesses in their families and based on current health conditions. This way they can assemble the premiums and not have to pay out so much money in the process.The Patient Protection and Affordable Care ActDavis Weiss The Patient Protection and Affordable Care Act is a federal statute that was signed into law in America by President Barack Obama on March 23, 2010. It is divided into 10 titles. The bill contains nutriment that will go into effect on June 21, 2010 and September 23, 2010. Also, the additional provisions will go into effect in 2014. Title I of H. R. 3590 will ensure quality affordable health care for all Americans by eliminating discriminatory practices by health insurers such as pre-existing condition exclusions.Title I also extends dependant coverage up to age 26, caps insurance companies non-medical expenses, and prevents unfair termination of insurance policies. Title II expands eligibility for Medicaid to lower in come persons and assumes federal responsibility for much of the cost of this expansion. These bills provide enhanced federal support for the Childrens Health Insurance Program, simplify Medicaid and CHIP enrollment, and make better Medicaid services.Title III will strengthen the quality of healthcare by establishing The Physician Quality Reporting Initiative (PQRI) which is a value-based purchasing program for hospitals that link Medicare payments to quality performance. Title IV puts into place a new interagency council to promote healthy policies and to establish a national prevention and health promotion strategy. Title V will encourage innovations in health care workforce training, recruitment, and retention, and will establish a new workforce commission.Title VI creates new requirements to provide information to the public on the health system and promotes a newly invigorated set of requirements to beleaguer fraud and abuse in pubic and private programs. Title VII allows cert ain hospitals and treatment centers to receive discounted and/or generic drugs to aid their budget. Title VIII establishes a new, voluntary, self-funded long-term care insurance program, the Community aliment Assistance Services and Support (CLASS) Independence Benefit Plan, for the purchase of company living assistance services and supports by individuals with functional limitations.No taxpayer cash in hand will be used to pay benefits under this provision. Title IX levies an excise tax of 40 percent on insurance companies and plan administrators for any health coverage plan that is above the threshold of $10,200 for individual coverage and $27,500 for family coverage. It also requires employers to disclose the value of the benefit provided by the employer for each employees health insurance coverage on the employees annual Form W-2.And lastly, Title X requires employers that offer and make a section towards employee coverage to provide free choice vouchers to qualified employe es for the purchase of qualified health plans through Exchanges. The Patient Protection and Affordable Care Act reforms the health care system by expanding the availability of health insurance, regulating health insurance coverage, and restructuring health care delivery, including how it is paid for. The bill would reduce the number of uninsured Americans by 31 million, leaving only 6 percent of nonelderly adults uninsured.A number of different mechanisms are used to increase coverage, including expanding Medicaid, which provides insurance to low-income parents and children at very small cost establishing state-based insurance exchanges with subsidies for low- and middle-income households requiring individuals to contain coverage and mandating that most employers offer health insurance. The new act would make Medicaid available to all individuals earning less than 133 percent of the federal poverty line, or $14,500 a year ($29,500 for a family of four) while improving services for beneficiaries.The Patient Protection and Affordable Care Act also create state-based health insurance exchanges, called Health Benefit Exchanges, which are marketplaces where consumers can shop for and purchase health insurance. The Patient Protection and Affordable Care Act include numerous reforms of the health insurance market, in many cases regulating this market for the first time. The Congressional Budget Office estimates that about 8 million such persons would remain uninsured.Additionally, the bill restricts access to abortion services in the Health Benefits Exchanges and, in particular, for people receiving federal subsidies. The Patient Protection and Affordable Care Act saves money by reducing the cost of premiums that families and individuals pay to maintain their health insurance policies. It also saves money by acquire rid of waste in the medical industry by establishing a center where physicians can report waste and by supporting comparison shopping for medical equip ment. In addition, the act helps small businesses to save money by giving them the opportunity o offer health benefits to their employees without destroy the budget of their company. The Patient Protection and Affordable Care Act raise revenue by imposing an annual fee on the health insurance sector. Such fees would be imposed on insurance companies that deal high cost health insurance plans. The fee is designed to open smarter, more cost-effective health coverage choices. The reconciliation bill delays this new fee until 2018 so that plans have time to implement reform and startle to save from its efficiencies.The amount of the fee is $8. 0 billion in 2014, $11. 3 billion in years 2015-2016, $13. 9 billion in 2017, and $14. 3 billion in 2018. According to the Congressional Budget Office (CBO), the legislation will reduce the deficit by $138 billion over the first decade and by $1. 2 trillion in the second decade, as compared to current legislation. The CBO has recalculated its e stimates several times, first projecting a savings of $132 billion, then $118 billion, and $143 billion. It also increases the Medicare Hospital Insurance (HI) tax rate by 0. fate points on an individual taxpayer earning over $200,000 ($250,000 for married couples filing jointly). The revenues from this tax will be credited to the HI trust fund. The taxable base of the HI tax is also broadened by including net investment income. The act would also impose a ten percent tax on amounts paid for indoor tanning services. The tax is effective for services on or after July 1, 2010. Reduces the deficit in the next ten years and beyond. The bill is fully paid for with revenue provisions that focus on paying for reform within the health care system.