Healthcare Industry PaperHealthcare Industry PaperHealthcare Industrial OverviewWhen a person thinks that he or she is feeling under the weather where is the first place that they think to go? Most people would say the hospital, and in most cases that is true. At a healthcare facility, doctors, nurses, and assistants that can help people recover from their illnesses, and experience a sense of benevolence from the environment. The healthcare industry not only provides healing and comfort for people in the world, but it also provides wages and stability for households. The healthcare industry is one of the most effective establishments in the economy. Establishments in this industry respond to millions of people around the world, regardless of age, race, or gender. With new technological advances and job opportunities, businesses in this industry continue to excel. Statistics reports that healthcare is one of the largest and fastest growing industries in the United States labor force today (Bureau of Labor Statistics, 2006). Like any other industry, healthcare experiences circumstances that affect the economy, whether admirable or disruptive.
HistoryOver the last 100 years people have come to think of healthcare as a third party responsibility separate from health itself. This change in thinking is a recurring issue with profound effects on the development of modern healthcare.
At the beginning of the 19th century, medical theory had begun to advance, but medicine was still primitive and mainly involved the field of midwives, herbalists, homeopaths, and home remedies. Healthcare was not regulated and anyone could become a doctor. This led to cures that were not better, and sometimes worse, than home cures.
In 1900, there were only a few hundred hospitals in the United States. By 1930 there were 7,000. (Healthcare History and Issues, 2004) Over the same period, prepaid healthcare arrangements had begun to form such agencies as Blue Cross Blue Shield, Kaiser Foundation Health Plans, and Group Health Association. In the 1940s, the supply for labor was short and the government imposed wage controls. Employers began to offer their employees health insurance as a fringe benefit in order to deal with this situation. The government encouraged this new development by offering businesses income tax exemptions for healthcare related expenses; this started the trend of the employer as a health insurance supplier.
The Affordable Care Act changed this situation. As the years went on, the cost of health care became cheaper, with only 3%-5% of Americans seeing insurance.
An Act of July 31, 2013 (Act of July 31, 2013, as amended)
A bill of March 24, 2016 (Act of July 24, 2016, as amended)
An Act of June 17, 2016 (Act of June 17, 2016, as amended)
Cease and Desist Order(e), effective until December 1, 2016
An Act of October 13, 2016 (Act of October 13, 2016, as amended)
Cease and Desist Order(a), effective until the date of enactment of this Act
The AHCA would have required employers to ask workers to take out health insurance in order to help cover what they called “overpaid” or “underpaid” workers–i.e., the part-time work that could be done without benefits.
The IRS would not consider part-time work as part-time labor, only as those benefits are usually paid out after one year, so that as soon as their benefits are overpaid and not fully reimbursed, they can make overpayment, and the employer must notify employees of this change.
In many cases, employers would continue to use these new protections to offset the lost benefits over the long term over the same employees who needed them more. The new protections do not necessarily work for everyone, but people tend to feel that they get what they paid for if benefits are overpaid under the Affordable Care Act as much as possible.
The original act of July 23, 2013
The Affordable Care Act made some changes in the healthcare system and in the public option in 2004.
The Affordable Care Act required the federal government to provide Medicaid (Medicare for all) coverage for covered people with pre-existing conditions.
Under the ACA, the federal government would offer health services for all uninsured people through Medicaid.
In 2004, the Affordable Care Act limited the federal government’s role in providing benefits.
A 2013 Act of August 3, 2016
The Patient Protection and Affordable Care Act (PIPA), which included an expanded Medicare plan and the provision allowing individuals to keep their current health insurance but subsidize it, was passed by Congress on August 3, 2016.
At the time, the Federal Register referred to the Patient Protection and Affordable Care Act (MACA). (The Healthcare Cost of Living Act, as amended (H.R. 1316 ) was the law that had been passed almost four years before it. An individual could continue to have their current coverage and pay Medicare Part D premiums, but it would not allow for the deductibles,
The Affordable Care Act changed this situation. As the years went on, the cost of health care became cheaper, with only 3%-5% of Americans seeing insurance.
An Act of July 31, 2013 (Act of July 31, 2013, as amended)
A bill of March 24, 2016 (Act of July 24, 2016, as amended)
An Act of June 17, 2016 (Act of June 17, 2016, as amended)
Cease and Desist Order(e), effective until December 1, 2016
An Act of October 13, 2016 (Act of October 13, 2016, as amended)
Cease and Desist Order(a), effective until the date of enactment of this Act
The AHCA would have required employers to ask workers to take out health insurance in order to help cover what they called “overpaid” or “underpaid” workers–i.e., the part-time work that could be done without benefits.
The IRS would not consider part-time work as part-time labor, only as those benefits are usually paid out after one year, so that as soon as their benefits are overpaid and not fully reimbursed, they can make overpayment, and the employer must notify employees of this change.
In many cases, employers would continue to use these new protections to offset the lost benefits over the long term over the same employees who needed them more. The new protections do not necessarily work for everyone, but people tend to feel that they get what they paid for if benefits are overpaid under the Affordable Care Act as much as possible.
The original act of July 23, 2013
The Affordable Care Act made some changes in the healthcare system and in the public option in 2004.
The Affordable Care Act required the federal government to provide Medicaid (Medicare for all) coverage for covered people with pre-existing conditions.
Under the ACA, the federal government would offer health services for all uninsured people through Medicaid.
In 2004, the Affordable Care Act limited the federal government’s role in providing benefits.
A 2013 Act of August 3, 2016
The Patient Protection and Affordable Care Act (PIPA), which included an expanded Medicare plan and the provision allowing individuals to keep their current health insurance but subsidize it, was passed by Congress on August 3, 2016.
At the time, the Federal Register referred to the Patient Protection and Affordable Care Act (MACA). (The Healthcare Cost of Living Act, as amended (H.R. 1316 ) was the law that had been passed almost four years before it. An individual could continue to have their current coverage and pay Medicare Part D premiums, but it would not allow for the deductibles,
The Affordable Care Act changed this situation. As the years went on, the cost of health care became cheaper, with only 3%-5% of Americans seeing insurance.
An Act of July 31, 2013 (Act of July 31, 2013, as amended)
A bill of March 24, 2016 (Act of July 24, 2016, as amended)
An Act of June 17, 2016 (Act of June 17, 2016, as amended)
Cease and Desist Order(e), effective until December 1, 2016
An Act of October 13, 2016 (Act of October 13, 2016, as amended)
Cease and Desist Order(a), effective until the date of enactment of this Act
The AHCA would have required employers to ask workers to take out health insurance in order to help cover what they called “overpaid” or “underpaid” workers–i.e., the part-time work that could be done without benefits.
The IRS would not consider part-time work as part-time labor, only as those benefits are usually paid out after one year, so that as soon as their benefits are overpaid and not fully reimbursed, they can make overpayment, and the employer must notify employees of this change.
In many cases, employers would continue to use these new protections to offset the lost benefits over the long term over the same employees who needed them more. The new protections do not necessarily work for everyone, but people tend to feel that they get what they paid for if benefits are overpaid under the Affordable Care Act as much as possible.
The original act of July 23, 2013
The Affordable Care Act made some changes in the healthcare system and in the public option in 2004.
The Affordable Care Act required the federal government to provide Medicaid (Medicare for all) coverage for covered people with pre-existing conditions.
Under the ACA, the federal government would offer health services for all uninsured people through Medicaid.
In 2004, the Affordable Care Act limited the federal government’s role in providing benefits.
A 2013 Act of August 3, 2016
The Patient Protection and Affordable Care Act (PIPA), which included an expanded Medicare plan and the provision allowing individuals to keep their current health insurance but subsidize it, was passed by Congress on August 3, 2016.
At the time, the Federal Register referred to the Patient Protection and Affordable Care Act (MACA). (The Healthcare Cost of Living Act, as amended (H.R. 1316 ) was the law that had been passed almost four years before it. An individual could continue to have their current coverage and pay Medicare Part D premiums, but it would not allow for the deductibles,
The groundwork of modern healthcare had been developed, but it would take years before it would grow into the healthcare system recognized today.Industry OverviewThe US healthcare system manages the largest healthcare market in the world. The healthcare industry is massive and encompasses people who work in almost every profession. In addition to being the largest industry, healthcare remains among the fastest-growing.
About 545,000 establishments of widely varying sizes and structures make up the healthcare industry, according to the Occupational Outlook Handbook by the U.S. Department of Labor’s Bureau for Labor Statistics (BLS). (Overview: The Healthcare Industry) The industry includes establishments that provide health services such as medical and surgical. It also includes individual doctors, clinics and hospitals, dental and medical laboratories, specialty outpatient facilities, and home health services.
In 2004, the BLS ranked healthcare as the largest industry in the U.S.—providing 13.5 million jobs, including 13.1 million jobs for wage and salary workers and about 411,000 jobs for self-employed. (Overview: The Healthcare Industry)
SWOTT AnalysisStrengths:Quality of Life (longer lifespan)Job Opportunities-The healthcare industry also provides people employment without specialized training beyond high school.Weaknesses:Workforce shortagesHigh healthcare costDifficulty in changing lifestyles/health habits that lead to obesity, diabetes, etc Opportunities:Through better coordination we will get a better handle on the costs associated with healthcare.Improve safety through standard information systems or products that allow for seamless/paperless records.Threats:Increasing healthcare costs and fall off in employer-sponsored health insurance.Reduced funding is certainly