Essay about Case Study : The Affordable Care Act

1629 Words Nov 2nd, 2015 null Page
The U.S Healthcare has been transitioning due to the new law that’s in effect called the Affordable Care Act. This law was signed into effect on March 10, 2010 and has reformed the way healthcare previous ran in the United States. With this transformation, there have been a significant amount of trends forcing the healthcare industry to a place of competitiveness. There has been competition seen amongst physicians, hospitals, healthcare plans, and insurance company’s and physician groups. This competition is based purely on consumer demand, which in turn will affect the price and quality when it comes to services being performed or purchased. Competition amongst business and industries has always been ongoing over time and encouraged. It ensures that the products and services being provided are better and will satisfy the customer’s needs. “ Often companies are forces at any time to offer whatever product they think the people need at any price they believe people are willing to pay. If they succeed, customers will buy the product; if not they wont that’s the nature of competition. The fact that competition creates winners and losers inspires firms to constantly change” Spath & Abrahams (2013) Competition in the Healthcare organization takes many forms depending on the type of organizations and services that’s being performed. Health care organizations compete amongst hospitals, health plans, insurance premiums, providers cost which primarily surrounds healthcare…

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