Health Care Law The impact of the new Health Care Law

Business/Corporation  Small Business  Medium Business  Corporations

Health Care Law on Ohio  Amusement Parks in Ohio will possibly have to provide health insurance to their summer workers  If under parents plan, employers will have to cover students during season when working  Out of 13 states that will sue the federal government over the health care law, Ohio is not among them

Hospitals/Physicians  Even though the new law promised increased access and efficiency in health care it will actually prevent doctor-owned hospitals from adding more rooms and more beds  The new health care rules will single out such hospitals, making new physician-owned projects ineligible to receive payments for Medicare and Medicaid patients  Existing doctor-owned hospitals will be grandfathered in to get government funds for patients, but must seek permission from the Department of Health and Human Services to expand  The Association of American Physicians and Surgeons (AAPS) is one of the many organizations suing to have the law declared unconstitutional

Insurance Companies  Cost: with the new health care law - More Americans will be covered, but costs are also going up. - The overhaul will increase national health care spending by $311 billion from , or nine-tenths of 1 percent. To put that in perspective, total health care spending during the decade is estimated to surpass $35 trillion.  Premiums: - Most working Americans get health insurance coverage through their employer or their spouse’s employer. Premiums will largely stay the same - Insurance companies will be required to spend 85% of your premium on medical care in small markets and 80% in large markets, rather than spend it on other things like marketing, bonuses, lobbying, and other administrative expenses. Market: Consumers and Small Businesses can begin buying policies directly in 2014.

Impact of Health Care Law and You  Seniors  Money/Savings  Social Security