Obamacare The Affordable Care Act - 1317 Words

The Affordable Care Act, otherwise known as Obamacare, was passed in March 2010. This over-1000-page Act implements a number of reforms designed to increase the availability of health care for individuals. The Act created a Health Insurance Marketplace, a universal way to sign up for subsidized health care plans (which are cheaper), though you can only get certain plans from certain places, including an expanded Medicaid. It also creates an incentive to purchase health insurance-if you don t, you ll have to pay a fine, which is interpreted by many as a tax. Additionally, the Affordable Care Act requires sizable firms to provide a certain level of health care to all of their employees, with certain specifications. Obamacare also attempts to make health care cheaper for many, by trying to even out the cost for everyone. Obamacare expands Medicaid and created a Health Insurance Marketplace, a universal way to sign up for subsidized health care plans. It makes it easier for low income families to receive benefits from Medicaid and other unsubsidized loans. Over half of uninsured Americans can get free or low cost health insurance, and some can get help on out-of-pocket costs using their state’s Health Insurance Marketplace. Through the Marketplace, though, you can only get certain plans from certain providers, as many of them are unwilling to provide subsidized loans. Protections from Obamacare also ensure that you can’t be dropped from †¦ or denied coverage or treatment forShow MoreRelatedObamacare And Affordable Care Act930 Words   |  4 Pagesfunctions. Obama’s Health Care Reform, better known as ObamaCare was signed into law on March 23, 2010. It is officially called the Patient Protection and Affordable Care Act (PPACA) or Affordable Care Act (ACA). This act is meant to provide affordable, good quality health care to all Americans and to cut health care spending. The ACA has been on ongoing struggle to reform the health care system. Almost 50 million Americans still lack health coverage despite the fact that ObamaCare continues to help provideRead MoreObamacare And The Affordable Care Act1028 Words   |  5 PagesThe Affordable Care Act was created to make an attempt to reduce the amount we pay for healthcare. â€Å"Healthcare premiums were too expensive for many families to afford,† is a common issue among citizens today, and we have come to the conclusion that Obamacare can help reduce that amount. Ever since this has been put in place, many Americans deny this, but it says that even if you aren’t 100 perce nt healthy it will still cover you, unlike regular healthcare premiums opposed that. Another benefit thatRead MoreObamacare And Affordable Care Act Essay1564 Words   |  7 PagesPatient Protection and Affordable Care Act expanded the 1965 bill passed under President Johnson that created Medicare and Medicaid (â€Å"LBJ Presidential Library,† 2015). While the Affordable Care Act, or â€Å"Obamacare† as it has been dubbed by the media, has many components, the focus here is the expansion of Medicaid. Obamacare sought to expand Medicaid to cover those who earn too much to qualify for traditional Medicaid, but not enough to afford employer-provided health care. These people are said toRead MoreThe Affordable Care Act: Obamacare1140 Words   |  5 PagesThe Affordable Care Act, often referred to as the ObamaCare was signed into law on March 23, 2010. It has created a lot of controversy since its debut. The Healthcare reform will affect all Americans. The issue has many A mericans believing it is a great thing for our country while others believe it is a terrible idea and then of course there are those who don’t know what to think. By Jan 1, 2014 Americans will be required to purchase a health care policy or will have to pay a penalty. Ready or notRead MoreObamacare And Affordable Care Act997 Words   |  4 PagesWhite Professor Eastman English 1020 29 January 2015 Obamacare’s Healthier America Health care has been a controversial topic of discussion for all Americans since it was put in effect many years ago. Currently the biggest debate of Healthcare up to date is Obama’s Patient Protection and Affordable Care Act, also known as Obamacare, is a Health care Reform that is a governmental attempt to make basic health care easily obtainable. However, there are no benefits without cost in situations like this,Read MoreObamacare And Affordable Care Act928 Words   |  4 PagesUnited States, Barack Obama, signed into law the Patient Protection and Affordable Care Act (PPACA), which is commonly called the Affordable Care Act (ACA) or familiarly the Obamacare (What is ObamaCare). President Obama created ACA to make health care more affordable and accessible for people in the United States. The Affordable Care Act guarantees most people will have health insurances as well as reduces the high cost of health care of individual and government. These are also two points that th e ACARead MoreObamacare : The Affordable Care Act1507 Words   |  7 Pageshealth care coverage for all; and that is called The Affordable Care Act ( ACA)1 or also known as Obamacare. This program provides standardized medical expenses/procedures to be made and allows everyone -- who is eligible -- to have coverage. However, I think that we need to take in account how Obamacare is negatively impacting the lower class, middle class, and upper class; therefore, we should remove it. This law became effective on March 23, 2010 (Key Features of The Affordable Care Act). ObamacareRead MoreObamacare And The Affordable Care Act1061 Words   |  5 Pages The Affordable Care Act, also known as Obamacare or ACA, is the health reform law enacted in 2010 by Congress. The official name of this reform is the Patient Protection and Affordable Care Act. Many provisions of the law are already in effect and the rest are going to continue to develop until 2022. After a year of intense political wrangling, the health reform initiative was passed by Congress. Even though it falls short of providing universal coverage, it is unlike the Clinton proposal. TheRead MoreObamacare Or Affordable Care Act893 Words   |  4 PagesObamacare or Affordable care act (ACA) refers to the healthcare act introduced by President Obama in 2010 and represents one of the significant healthcare reforms since the passage of Medicare and Medicaid in 1965. The primary purpose of the reform was to increase the quality and affordability of health insurance, expand the reach of insurance, and reduce the costs of healthcare for both individuals and government. First, we will analyze the merits and disadvantages of Obamacare – PROS 1. CurrentlyRead MoreThe Affordable Care Act ( Obamacare )1604 Words   |  7 Pages Ever since Barack Obama signed the Affordable Care Act (Obamacare) into law in 2010, it has been met by criticism from many people from many different ideologies. Although the law held promise for allowing all individuals to afford healthcare and all of its benefits, that is not to say it does not have its downsides. Since passing, both the conservative and democratic parties have found reasons to dislike the law. This essay will include a description of the law itself, criticisms from the two parties

Psychosocial Paper Free Essays

â€Å"Erikson whole heartedly held to the idea that development was not simply psychosexual but also psychosocial. The idea of this paper is to recognize my personal and present psychosocial stage of development. I will attempt to review the behaviors and influences on my relationships along with the negative and positive outcomes of my stage of psychosocial development. We will write a custom essay sample on Psychosocial Paper or any similar topic only for you Order Now I will also discuss other developmental influences that have shaped my personality. Erikson had developed a chart of eight stages of psychosocial development. Each of these stages shows positive and negative outcomes for personality development. These eight stages are the following: Trust vs. Mistrust at 1 year old, autonomy vs. doubt/shame at 2-3 years old, Initiative vs. guilt at 4-5 years old, industry vs. inferiority at latency, identity vs. diffusion at adolescence, intimacy vs. isolation early- adulthood, and lastly, integrity vs. despair at later years. Current Psychosocial Stage of Development: In looking over Erikson’s psychosocial stage chart I have come to the conclusion that my current stage of development is Intimacy versus Isolation. Erikson states that this stage of development usually occurs in early adulthood. According to Erikson the positives of this stage of development are sharing with family, friends, coworkers and partners about all work, thoughts and feelings. The negatives include avoidance of intimacy and superficial relationships. (Cervone Pervin, p 102 ) Influences on Behaviors: The influences on my behavior of this developmental stage are mixed at best. I am capable of sharing my thoughts, feelings and work with others, but I often choose to keep to myself. Often I am anti-social. I am a mixture of overly cautious and overly empathetic. I choose, at times, to share all or nothing of myself with others. I am careful with who I confide in but at the same time who I do confide in I share too much of myself. I am very controlling and don’t like to share my true feelings and emotions most of the time. I often feel fear that people will not understand or like me if they knew how I really felt and thought. Influences on Relationships: The fear of not being understood and feeling anti-social for the most part has kept me from having many friends. When I was younger I did not date a lot maybe because of this same thing. I don’t feel comfortable with expressing my most personal self with people in general. This relates to my childhood and the abuse I suffered through at the hands of my step brother. Also because of the sexual abuse that I was put through by my babysitter’s daughter caused a general mistrust of people. I often feel violated and threatened around men and women if I am not in total control and on my guard at all times. Negative and Positive Outcomes: A positive outcome of this stage is how it has given me much empathy; and that I am able to have intimate relationships with women, though not sexual in nature, I am more comfortable around them. I am able to share my thoughts and feelings with women and children, I am able to connect with them and listen to them. Negative outcomes are in that I am not able to maintain close relationship with other guys. I have isolated myself from all people except family and a few select friends that I have known for years. Erikson, in the case of Isolation versus Intimacy, should negative outcomes persist, states, â€Å"If these issues are not resolved during this time, the individual is, in later life, filled with a sense of despair: Life is too short, and it is too late to start all over again† (Cervone Pervin, p 103). I disagree with this assumption. I believe that these issues can be resolved and addressed later in life. It truly depends on the individual. I am 30 years of age and have been dealing with these issues for most of my life, and will most likely continue to work on them. Other Developmental Influences: The most consistent and prevailing influences on my personality development is the abuse I suffered as a child. Though the sixth stage is the most prevalent stage of my current development, I also fall into the second stage of Erikson’s theory which is the Autonomy versus shame and doubt stages. This brings about mostly negative outcomes such as shame and self-doubt. I also feel guilt over what I experienced as a child and guilt in not being able to protect my sister and brother. Though logically I know that there was nothing I could do to protect them as I was a child too, it does not negate the fact that my behaviors, relationships with my brother and sister and feelings are influenced by the guilt and shame. In conclusion just because we are of certain age it does not mean that we are in the Erkisonians stage of development. Mentally we might be behind and in some instances we might be ahead due to life experiences. Due to many past experiences the stages of my development have been altered and are not where I should be. Can we ever catch up to our appropriate stage of development? Maybe we can with the help of professionals and a lot of dedication. I have learned how to cope with everything and little by little I am where I want to be. My life is happy as of now, even though I carry all of these past experiences with me I only allow for these to only make me a stronger person and refuse to ever put anybody or allow for anybody to experience what I did. Lastly the intent of this paper was to show how Erikson’s stages of psychosocial personality development applied to me. A description of my current personal psychosocial stage of development was discussed. I also discussed the influences on behaviors, relationships as well as negative and positive outcomes of my stage of psychosocial development. Finally I discussed how Erikson’s second stage of psychosocial development influenced my personality. How to cite Psychosocial Paper, Papers

Account and Financial Management for Traded- myassignmenthelp

Question: Discuss about theAccount and Financial Managementfor Traded Company. Answer: Summary of Findings This study deals with examining the financial performance of a publicly traded company known as Woolworths Limited for the year 2015 and 2016 (Woolworths.com, 2017). For this study, information is generated from the annual reports of Woolworths Limited for the year 2015 and 2016. The main motive of business is to generate profit with the resources available to the company. The financial manger is responsible for assessing the profitability of a business in order to evaluate whether or not adequate returns can be generated on its assets as well as investments (Deegan, 2013). To that, there are different ratios that can be used for evaluating the profitability. In this study, the profitability ratio used is gross profit ratio, return on assets and return on equity. In the year 2015, gross profit of Woolworths Limited arrives at 40.96% and 40.59% in the year 2016. Return on assets is one of the profitability ratios that allows for assessing the way on how efficiently assets of Woolworths Limited are being managed and looks at the ability of the management team for controlling the expenses. In the year 2015, return on assets of Woolworths Limited arrives 0.075 and 0.087 in the year 2016. The figures show that Woolworths Limited has achieved better results as comp ared to its peer groups or industry. Therefore, Woolworths Limited earned more operating profit per dollar of investment in assets as compared to its peer groups. After analyzing the financial ratio for the year 2015 and 2016, it is understood that Woolworths Limited records poor profit results that in turn act as an indicator that there is problem with overall performance of the firm (Chan et al., 2016). Liquidity ratio is calculated as it predicts the ability of any business whether they can pay their short-term obligations, bills and pay down debt on time. Here, it is important to assess the liquidity position of Woolworths Limited and compare it with the industry standards. In this study, current ratio and quick ratio are calculated for the year 2015 and 2016. To explain in detail, current ratio is calculated by taking current assets and dividing it by current liabilities. In the year 2015, current ratio of Woolworths Limited arrives at 0.91 and 0.94 in the year 2016. The industry average is 2:1. Hence, Woolworths Limited is trailing slightly behind in terms of overall liquidity. It is important to note that neither Woolworths Limited nor the industry average shows enough liquidity for covering all liabilities without the need for raising additional funds. By looking at ratios, it is quite evident that Woolworths Limited has managed a current ratio closer to 1. The reason behind t he figure is poor sales results as well as high venture caused by the Masters venture. It is because of cost incurred in business and cost of operating an underperforming business (Bushman, 2014). Capital structure ratio is also known as solvency ratio that indicates in which firms selection are made to finance their assets, either through debt or equity. In this study, debt to equity and equity ratio are calculated for Woolworths Limited that explains the solvency position of the business organization (Beatty Liao, 2014). Reference List Beatty, A., Liao, S. (2014). Financial accounting in the banking industry: A review of the empirical literature.Journal of Accounting and Economics,58(2), 339-383. Bushman, R. M. (2014). Thoughts on financial accounting and the banking industry.Journal of Accounting and Economics,58(2), 384-395. Chan, S. H., Song, Q., Rivera, L. H., Trongmateerut, P. (2016). Using an educational computer program to enhance student performance in financial accounting.Journal of Accounting Education,36, 43-64. Deegan, C. (2013).Financial accounting theory. McGraw-Hill Education Australia. Woolworths.com. (2017).Very | Womens, Mens and Kids Fashion, Furniture, Electricals More!. [online] Available at: https://www.woolworths.com [Accessed 27 Aug. 2017].