Patient Protection and Affordable Care Act (PPACA): Is it Beneficial or Detrimental to Human Capital Managers Touro College Graduate School of Business
Critics would suggest that the prevention will only help to remedy problems that the healthcare systems are presently facing; in particular, the enormous costs and a population in poor health. Without a doubt “President Barack Obama and first Lady Michelle Obama have both expressed the belief that a focus on prevention will afford our nation the opportunity to improve the health of all Americans while simultaneously reducing overall healthcare costs” (Marks, 2011). All while the goals that are forecasted to be implements certainly admirable. The reality is that the prevention phase is an extremely important and powerful tool. This paper will briefly examine the current state of the U.S. healthcare system as it relates to costs and disease. The paper will then provide a detailed explanation of the PPACA provisions and interim final regulations relating to preventive care. Finally, this paper will provide an analysis of whether human capital has been affected in a beneficial or detrimental manner. On December 24th, 2009 the Patient Protection and Affordable Care Act (PPACA) was passed by Senate, informally referred to as Obamacare, is a United States federal statute signed into law by President Barack Obama on March 23, 2010. “The law (along with the Health Care and Education Reconciliation Act of 2010) is the principal health care reform legislation of the 111th United States Congress. PPACA requires individuals not covered by employer- or government-sponsored insurance plans to maintain minimal essential health insurance coverage or pay a penalty unless exempted for religious beliefs or financial hardship, a provision commonly referred to as the "individual mandate" (Elmendorf, 2010). The Act also reforms certain aspects of the private health insurance industry and public health...
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