I believe the health industry will yield substantial returns for physician entrepreneurs, non-medical entrepreneurs and patients in the years to come as we witness the continuing evolution of our system ”(Medicalpracticeinsider.com, 2014).I think PPACA brings a lot of chanllenges to healthcare industry.For example,the new policy encourage people to get their own insurance.It is a opportunity for insurance compony.It will improve the competition of healthcare. References: Cgma.org. 2014. Porter’s
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“Patient Protection and Affordable Care Act (PPACA), better known as Obamacare (Cannon and Tanner). As someone that is currently uninsured and low income, I would likely benefit greatly from this plan. On the surface it seems like a good idea; however where do we live? When did the United States Constitution give the United States government so much power that they could mandate we participate in a program? Even Income Tax is technically voluntary. PPACA (Obamacare) is the most extensive overhaul
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Health Law and Regulations Federal regulations play a major role in the health care industry. Federal laws and regulations protect the American public from a number of health risks and administer programs for public welfare. Federal regulations also regulate the health insurance industry by implementing cost-containment measures. Through various regulatory bodies, Department of Health and Human Services (HHS) protects and regulates public health at every level. HHS is the United States principal
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as health care reform or the Patient’s Bill of Rights, was signed into law by President Barack Obama in March 2010. The law has generated much discussion and concern on the part of all stakeholders. The Patient Protection and Affordable Care Act (PPACA) is a federal statute that was signed into United States law by President Barack Obama on March 23, 2010. This act and the Health Care and Education Reconciliation Act of 2010 (signed into law on March 30, 2010) made up the health care reform of 2010
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The Expansion of Medicaid and Its Impact on Hospitals As part of the Patient Protection Affordable Care Act 2010 (PPACA), Medicaid was to be expanded to include childless adults whose income was at or below 138 percent of the federal poverty level. Currently, 19 states have not expanded Medicaid coverage. This paper will discuss the financial impact on hospitals in the states that have. Further, differences between how for-profit hospitals versus not-for-profit hospitals are impacted, and the perspectives
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The overarching purpose of the Act was to allow individuals, families, and small business owners the ability to be in control of their own health care (PPACA, 2010). The Act permitted the establishment of the National Prevention, Health Promotion and Public Health Council, with a focus on prevention and wellness within the public health spectrum (PPACA, 2010). The Council developed a health promotion strategy that prevented group health plans from discriminating on premiums and eligibility, and defined
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Workplace wellness programs have gained an increasing spotlight in recent years with the introduction and eventual rollout of the Patient Protection and Affordable Care Act (PPACA), also known as Obamacare. These types of programs are organized, managed or sponsored by employers with a focus on enriching the lives and wellbeing of employees by improving their physical, mental, emotional and occupational health through education and awareness. The design of these incentive-based programs encourage
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Providing and funding for good quality health care has always been a major concern for the industry and especially individuals. Years ago, most of the cost of health care was either out of pockets or made a trade with food or other material items for medical care. In today’s economy health care is very expensive (even more expensive then back in history), even if there are health and medical insurance. Back in the mid 1930’s, the Blue Cross/Blue shield organization sought to give individuals hospital
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hours, and the principles that they discussed became the foundation of the Senate's health care reform bill (Patient Protection Affordable Care Act, 2010). This meeting of the minds resulted in the President signing into law on March 23rd, 2010 the PPACA. The Congressional Budget Office estimates, the legislation will reduce the number of uninsured residents by 32 million, leaving 23 million uninsured residents in 2019 after the
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of legislature and regulations on quality of healthcare services The impact of legislature and regulations on quality of healthcare services The health plan exchange program required from the Patient Protection and affordable care Act (PPACA) became in effect as of 2014. This very important piece under the Affordable Care Act (ACA) regulates, that all states would be required to form health insurance exchanges. A marketplace in which people and businesses would be able to purchase healthcare
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