Healthcare Reform PPACA
Determine how this Federal law will affect market-driven and non-market driven decisions.
One of the industries that has felt the effects of the Patient Protection Affordable Care Act most immediately and intensely was the insurance industry in the United States. One of the chief reasons that the Patient Protection Affordable Care Act was introduced and passed into American legislation was the effect of rising health care costs attributed to arbitrary and non-competitive costs exacted from healthcare consumers from the insurance industry. There was a general lack of regulation within the industry, which had been demonstrated to have had a negative impact on healthcare outcomes and trends. The United States, while the largest economy and a dominant world superpower, has an underperforming healthcare industry compared to other developed, industrialized nations.
One of the central conflicts associated with the Patient Protection Affordable Care Act is related to philosophical differences of opinion about whether allowing the healthcare industry to be affected by the free market is ultimately to the benefit of American public health at large and specifically, individuals' health options and outcomes. One argument asserts that the free market drives down costs and incentivizes innovations that promote better and more accessible healthcare. The other position on the issues indicates that because healthcare is a fundamental human right, it is too to include this new law in your marketing decisions, knowing this new law may or may not take effect.
When considering the circumstances under which I would prepare a strategic plan for mitigating the effects of the Patient Protection Affordable Care Act upon my marketing decisions, I believe it would make sense to formulate a comprehensive strategic plan that incorporated multiple contingency plans. A plan that is created well in advance of the Patient Protection Affordable Care Act taking place would be incredibly important and would allow for the development of projection analysis of the potential effect on the market that the Patient Protection Affordable Care Act would have.
It is not just whether or not the laws takes effect that would determine the course of strategic action for marketing. It is the decisions of other similar corporations and industries that will effect setting a salient and profitable course of action. It would be vital from a marketing perspective to construct an analysis of other marketing strategies relating to the Patient Protection Affordable Care Act's impact on the industry. This will assist in determining optimal operational timing and marketing decision-making.
Even if the law does not take effect, it is reasonable to assume that the preparatory actions of other corporations and industrial interests would have some longer-term impacts upon the market and would influence the strategic planning and marketing efforts of all related businesses.
3. Discuss how each of the five (5) environmental forces will be affected by the new law, which…
Health Care Reform: In March 2010, after protracted public and political debate, the Patient Protection and Affordable Care Act (PPACA) was enacted into law by President Barack Obama. This legislation was one of the many health care reforms initiatives that have sought to rectify major features of the health care system in the United States such as service delivery, care coordination, and financing. Since its enactment, PPACA is considered as a
Not only do these practices discourage preventative care and monitoring, they also diminish the quality of the good that insured individuals are buying from the health insurance companies. Insured individuals are paying for insurance and paying for most of their healthcare costs in addition because of the exorbitant deductibles. PPACA's prohibition of these practices ultimately forces health care companies to raise the bar and give health insurance customers more
Patient Protection and Affordable Care Act On March 23, 2010, President Barack Obama signed the Patient Protection and Affordable Care Act (PPACA). This is more commonly referred among United States Citizens as Health Care Reform. This revolutionary law offers three main guarantees: First, health insurance for all American's, not just those who can afford it; Second, cost reduction in the insurance premiums for individuals and businesses; Lastly, higher quality care. On the
Health Care: The Next Twelve Months Over the next twelve months, there will be many changes to health care in the United States. The largest and most ambitious goal is to provide the majority of Americans with health insurance (Blendon & Benson, 2010). However, there will be a presidential election and a Supreme Court ruling, which means that 2012 could be the year that determines whether the health care law moves
Healthcare in the United States and India The healthcare systems in the United States and India have starkly different origins: the former arose out of employer based insurance coverage while the latter began through government funding. As Sai Ma and Neeraj Sood document in a report on India's healthcare challenges, the Indian government faced the challenge of redesigning their healthcare infrastructure after their independence in 1947 (2008). The Bhore Committee, assembled
U.S. Healthcare The final legislation should have incorporated provisions to boost the IVD industry. On its entirety, the Patient Protection and Affordable Care Act must have benefited the IVD industry. This would have increased sales in a span of five years that it is otherwise seen in the absence of the law. Most significant IVD sales drivers will result from the legislation as an expansion of in the number of insured
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now