Patient Protection and Affordable Care Act Research Paper

Patient Protection and Affordable Care Act - Research Paper Example PPACA will impact small, medium, and large businesses. In addition, this paper brings into light the impact of PPACA on the current and future employees in small, medium, and large businesses. Patient Protection and Affordable Care Act (PPACA) is a health care reform act officially signed into law by Barrack Obama, the current president of the United States (Timby and Smith 4). PPACA is also referred to as Obamacare. This act was drafted with the main objective of making available a cost effective or inexpensive health care to individuals in the U.S. who until that time could not afford health care insurance. Statistics from the Centers for Disease Control and Prevention (CDC) cited by Timby and Smith shows that "Prior to its passage, approximately 47 million Americans had no access to healthcare, and another 30 million had inadequate healthcare coverage" (4). It is of significance to note that those individuals already covered by healthcare insurance before the enactment of PPACA ar e likely to observe only slight changes in terms of their health insurance coverage. (Timby and Smith 4). Estimates explicated by Timby and Smith shows that approximately 32 million individuals in the United States were anticipated to have healthcare coverage by the year 2014 as a result of Obamacare (4). There are a number of issues stipulated in the PPACA act. Firstly, the act obligates individuals in the U.S. who can afford health insurance to pay for their cover or otherwise pay a fine (Timby and Smith 4).