As we all just witnessed the presidential debates last Wednesday, the hot topic was Obamacare. I knew this act was aimed at decreasing the number of uninsured Americans and reducing the overall costs of healthcare. These high level goals sounded great until I bumped into an article this week that some popular casual dining establishments will no longer offer full time work schedules to employees starting in 2014 aimed to help address the cost implications health care reform will have on their business.
The Patient Protection and Affordable Care Act (PPACA), commonly called Obamacare was signed into law back in March 2010 with multiple provisions to be enacted over a 10 year period. A provision starting January 2014 states that companies with over 50 employees will be required to provide health insurance to employees working over 30 hours a week. There is a punishment of $3,000 per each uncovered employee for companies who do not follow the law.
For those individuals who are not covered, Obamacare requires an ‘individual mandate’ where all those who are not covered by an employer sponsored health plan, Medicaid, Medicare or other insurance programs purchase a private insurance policy. As employees, we are grateful we are offered various insurance plans to choose from that suit our family needs. With that, we strive to shape a world of healthcare without boundaries by focusing on improving patient outcomes, reducing medical costs and transformation through Cisco Data Center and Virtualization, Collaboration, Secure Mobility, Telepresence and Cloud.
Healthcare for all. Do you think we’ll get there? Share your thoughts with me.