StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

MEMO---Affordable Care ACT - Assignment Example

Cite this document
Summary
After giving due consideration to the situation of the company, we find it important to extend the Health insurance to the part-time employees of the company. This act, if…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.9% of users find it useful
MEMO---Affordable Care ACT
Read Text Preview

Extract of sample "MEMO---Affordable Care ACT"

Memorandum President Xi Executive Team Leader Haoran Wang 3/15 Ref: Extending Health Insurance to Part-Time EmployeesWe the executive team have assessed the viability of the Affordable Care Act, which is a proposed law. After giving due consideration to the situation of the company, we find it important to extend the Health insurance to the part-time employees of the company. This act, if applied in the company, will benefit the part-time employees as well as the company as a whole. It is important to note that the part-time employees have contributed positively to the welfare of this company and in return, the company should consider this proposal.

Importance of the Part-Time StaffThe company has experienced growth for the past decade and it continues to grow day by day. The growth is facilitated by the company staff, the full-time employees and the part-time employees. The company already has a health insurance cover for the full-time employees. The cover has reduced recurrent expenditure on hospital bills and also improved the welfare of the full-time employees (Sommers et al, 2013). We believe that, if the health package is extended to the part-time staff, it will greatly improve their welfare and attitude towards the company.

Currently, part-time employees represent 20% of the total company employees. In addition, the number increases to 30% of the total workforce when there is a huge workload. Due to the unpredictable patterns of the economy, the company is forced to recruit an additional team to aid in delivering various important tasks. Therefore, when the health insurance cover under the Affordable health care is adopted on board, the company will also benefit.Company SizeThe company has experienced tremendous growth for the last ten years.

The number of employees is expected to double within the next year to approximately 300 employees including the part-time employees. It is a requirement to have health insurance for all employees of registered companies. This is in line with the Affordable Care Act, which becomes effective soon. As part of the company’s core values, it is important to comply with national laws to ensure the continued success of the company. Complying with the new mandate will see the company increase in size and increase the annual turnover, in the long run (Huntington et al, 2011).

Effects on the CostThough the Affordable health care will increase the company costs, it will have a variety of benefits. A health insurance cover for the part-time employees will help reduce absenteeism due to sickness. Absenteeism impacts the company negatively, and it is an additional cost to the company. Where several part-time employees are absent, the company will be forced to hire additional staff to fill in for the absent staff. It is an extra overhead cost to the company since the sick employees will be paid (Huntington et al, 2011).

Furthermore, the company may incur huge legal expenses where the welfare of all employees is not taken into account. The law requires fair treatment of all employees irrespective of tenure of employment. A health insurance for the part-time employees will also boost their morale, and they will dedicate their time for the growth of the company (Corlette et al,2013). We the executive team of the company highly recommend the health insurance for the part time employees. It will be a fair approach to all employees taking into account their importance to their continued success of the company.

We hope you consider this proposal Thank you.ReferencesCorlette , S, K Lucia and M Levin. "Implementing the Affordable Care Act: choosing an essential health benefits benchmark plan." (2013): 14.Huntington, W, et al. "Patient Protection and Afffordable Care Act: Reforming the health care reform for the new decade." Pain Physician (2011): 51.Sommers, D, T Buchmueller and T Decker . "Affordable Care Act has led to significant gains in health insurance and access to care for young adults ." Health Affairs (2013): 165-174.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“MEMO---Affordable Care ACT Assignment Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/english/1684255-memo-affordable-care-act
(MEMO---Affordable Care ACT Assignment Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/english/1684255-memo-affordable-care-act.
“MEMO---Affordable Care ACT Assignment Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/english/1684255-memo-affordable-care-act.
  • Cited: 0 times

CHECK THESE SAMPLES OF MEMO---Affordable Care ACT

Health Care In United States

The past 18 years the debate has surfaced twice again, during a failed effort to pass a health reform law by the Clinton administration during the 1990's and from the time Obama was elected President culminating when he signed the Patient Protection and Affordable care act of 2010 (PPACA) into law.... The past 18 years the debate has surfaced twice again, during a failed effort to pass a health reform law by the Clinton administration during the 1990's and from the time Obama was elected President culminating when he signed the Patient Protection and Affordable care act of 2010 (PPACA) into law....
2 Pages (500 words) Research Paper

Medicinal Marijuana Issue

The author of the current paper " Medicinal Marijuana Issue" underlines that Cannabis Sativa commonly known as marijuana is the most abused drug in the United States of America whether obtained legally or illegally.... nbsp; Marijuana has been legalized in the sixteen states and Washington D....
5 Pages (1250 words) Research Paper

Healthcare Reforms in the United States

This paper "Healthcare Reforms in the United States" seeks to analyze the discussion outcomes of the Democrats and Republicans regarding the latest healthcare reform in 2010, the US healthcare policy makers were able to successfully pass the Patient Protection and Affordable care act.... hellip; As of the latest healthcare reform in 2010, the US healthcare policy makers were able to successfully pass the Patient Protection and Affordable care act by lobbying within the House of Representatives to approve a series of healthcare bills....
3 Pages (750 words) Essay

Memo of the textbook

He intends to implement the remaining portion of patient protection and affordable care act.... The policy intends to give a myriad of Americans peace… Obama has indicated that his administration is convinced by the substantial upsurge in the quality of health services being provided due the new care delivery models being offered.... He has stated that the care has driven a number of organizations to ensure that they Memo To From Health care Policy (OBAMACARE) The policy on health care brought a lot of debate on the last year presidential campaign....
2 Pages (500 words) Essay

Contraception Mandate in ACA , American policy

This would provide a precise understanding of the specific Memo on Contraception Man in ACA Company Company Address 10/05 Politician (Title) From: Writer's Initials Subject: Advocating the Contraception Mandate in the Affordable care act in the USI am a journalist and I write to you to express my support for the Contraception Mandate in the Affordable care act.... The health care case: the Supreme Court's decision and its implications....
2 Pages (500 words) Essay

White Paper on Cloud Storage

Cloud storage and cloud computing refer to the act of saving As opposed to storing information to the hard drive of a personal computer, or some other localised device, it is stored in a remote database, with the internet acting as the link/ connection between the said database and the computer/ device....
5 Pages (1250 words) Essay

A2 EXCEL DRAFT

The cost benefit analysis is aimed at changing the way benefits are provided on an experimental basis.... An experiment (pilot) study was carried on the human resource department of… Essentially, each employee in the department is given salaries and wages, employee benefits and the staff FTE....
5 Pages (1250 words) Assignment

Historic Theories/Explanations/Examples/Current Thinking

estoration refers to a specific treatment method and philosophy, which means the process or even act of correctly portraying the character, form, and features of property just the way it appeared at a specific or given period of time by way of removal of the features or properties from some other periods in the history of that object and reconstruction of the features that are missing from the period....
5 Pages (1250 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us