Abstract
The Patient Protection and Affordable Care Act or PPACA has caused many changes that have affected both businesses and employees. Many businesses have lost profits because they had to provide insurance for their workers. Thus, some businesses have changed their organization structures in order to combat mandates from the PPACA. First, businesses have cut down the number of employees working for their firm in order to have fewer than fifty workers. When a business is under fifty employees, it is considered a small business allowing it the right to legally not have to provide health insurance for its workers. Secondly, many firms have reduced the number of full time workers that they are hiring because the PPACA requires that full time employees receive such health insurance benefits. With the rise of part time employees, many people have had to pick up multiple jobs in order to earn a substantial income. Although the PPACA has allowed greater access for everyone in America to have health insurance, it has caused many businesses to make changes that have harmed many in the American workforce.
Faculty Sponsors
Charlie Harrington
Project Type
Event
Location
Alvin Sherman Library
Start Date
4-8-2016 1:00 PM
End Date
4-8-2016 5:30 PM
The Impact of The Patient Protection and Affordable Care Act on Businesses and the American Workforce
Alvin Sherman Library
The Patient Protection and Affordable Care Act or PPACA has caused many changes that have affected both businesses and employees. Many businesses have lost profits because they had to provide insurance for their workers. Thus, some businesses have changed their organization structures in order to combat mandates from the PPACA. First, businesses have cut down the number of employees working for their firm in order to have fewer than fifty workers. When a business is under fifty employees, it is considered a small business allowing it the right to legally not have to provide health insurance for its workers. Secondly, many firms have reduced the number of full time workers that they are hiring because the PPACA requires that full time employees receive such health insurance benefits. With the rise of part time employees, many people have had to pick up multiple jobs in order to earn a substantial income. Although the PPACA has allowed greater access for everyone in America to have health insurance, it has caused many businesses to make changes that have harmed many in the American workforce.
