Advantages And Disadvantages Of Financial Reimbursement

Financial reimbursement comes in many different forms and modes. Insurance companies are the main way that people are able to reimburse for services. Without it, they would have to personally pay for and reimburse medical care out of pocket. Many people receive health insurance from their employers. When being employed, one should receive insurance that would cover basic medical needs, including methods of contraception. In fact, many employees have contraception included in their reimbursement plans through their insurance. But, like anything in this world, there are limitations. One example of a reimbursement limitation is Hobby Lobby’s refusal to cover employees for contraception usages. The purpose of this paper is to discuss the reimbursement …show more content…
The morning-after-pill can range anywhere between thirty to sixty dollars and the intrauterine devices can cost someone up to one thousand dollars without insurance (Planned Parenthood, 2014). These prices can really add up for an individual, especially if one is of lower socioeconomic status. This limitation of paying for contraception methods is putting female employees from Hobby Lobby at a disadvantage. With advances happening in our country today, there is medical research to show that these forms of contraception do not lead to abortion. Religious traditionalists have a definition that pregnancy occurs when an egg is fertilized when in actualization, medical definition says that pregnancy doesn’t occur until implantation. Research shows that eighty percent of eggs do not even implant (Gunter, 2014). There is much evidence to show that both the morning-after-pill and intrauterine devices do not lead to abortion when used. This limitation on contraception usage is causing costly damage to a woman who decides to use these methods, which could be a huge disadvantage to …show more content…
According to the Affordable Care Act, there is a mandate that insurance companies pay for reproductive health, such as contraception, without co-pay. There is an estimate of about two million Americans that use contraception devices such as IUDs. Due to this law and the company not following it, Hobby Lobby had to pay a large amount in fines. They had to pay up to 1.3 million dollars a day to the IRS in fines (Hobby Lobby ObamaCare, n.d.). Because of their religious beliefs, Hobby Lobby has caused a large issue that had to be brought to the Supreme Court. The Supreme Court ruled that Hobby Lobby did not have to pay for contraception coverage. Their insurance still had to cover everything required by the Affordable Care Act, with exception to reproductive health and contraception. The portion of the premium that should have gone to contraception coverage would be subsidized. This does not mean that employees cannot get contraception methods; they would just have to pay for it themselves. This ruling is causing worry for many people around the world. People fear that religious exceptions will be made on other major issues such as vaccines. Others think that businesses should not be forcing their religious beliefs on their employees (Hobby Lobby ObamaCare, n.d.). The Affordable Care Act mandates that contraception be covered by insurance policies, directly correlating with Hobby