In this benchmark assignment you will research a law or regulation and discuss the impact the law or regulation has on the health care industry. As a manager, it is important to understand the requirements of laws and regulations as well as the role accreditation and regulatory agencies play in the health care industry.
Research the following health care regulations and select one law or regulation to focus on for this assignment:
- Patient Protection and Affordable Care Act of 2010
- HIPAA Privacy Rule
- HITECH Act
- Occupational Safety and Health Act of 1970
- False Claims Act
- Anti-Kickback Statute
- Stark Law (Physician Self-Referral Law)
- Human Subject Research
Complete the Laws and Regulations in Health Care worksheet to address the following:
- Evaluate the impact the law or regulation selected has on the health care industry.
- Evaluate what impact the legal and regulatory requirements of the law or regulation you selected has on the health care industry.
- Analyze the role accreditation and regulatory agencies play in the law or regulation you selected.
Cite 3 peer-reviewed, scholarly, or similar references.
Format your references according to APA guidelines.
Expert Solution Preview
Introduction:
Health care is an industry that is subject to various laws and regulations that aim to protect patients, healthcare providers, and the general public. As a medical student, it is essential to understand the various laws and regulations in the healthcare industry, their requirements, and the role of regulatory and accreditation agencies. This benchmark assignment requires students to research a particular healthcare law or regulation and evaluate its impact on the healthcare industry.
Answer:
The selected law for this assignment is the Patient Protection and Affordable Care Act of 2010 (PPACA), commonly known as Obamacare. The PPACA is a federal law introduced by President Barack Obama in March 2010, and it aims to increase the number of Americans covered by health insurance and reduce the cost of healthcare. The law has several provisions, including the requirement for individuals to have health insurance or pay a penalty, prohibiting health insurance companies from denying coverage to individuals based on pre-existing conditions, and allowing young adults to stay on their parent’s insurance plan until age 26.
The impact of the PPACA on the healthcare industry is significant. One of the most significant effects is the increase in the number of Americans with health insurance. Before the law, millions of Americans were uninsured, which led to increased healthcare costs. However, since the introduction of the PPACA, the number of uninsured Americans has declined significantly. The law has also spurred a significant reduction in the cost of healthcare. The law has resulted in the creation of new policies that aim to reduce healthcare costs, such as accountable care organizations (ACOs) and value-based care models.
The legal and regulatory requirements of the PPACA have had a profound impact on the healthcare industry. The law has introduced new regulations and reporting requirements that healthcare providers must comply with, such as the electronic health records (EHRs) mandate. Compliance with these regulations can be costly for healthcare providers, particularly small practices. However, the law has also introduced several incentives to encourage healthcare providers to comply with the regulations, such as financial incentives to implement EHRs and improve care coordination.
The role of accreditation and regulatory agencies in the PPACA is significant. The Centers for Medicare and Medicaid Services (CMS), an agency within the U.S Department of Health and Human Services, is responsible for implementing many of the law’s provisions. CMS oversees the implementation of ACOs, value-based care models, and other new policies created by the law. The agency also provides guidance and support to healthcare providers on how to comply with the law’s regulations.
In conclusion, the PPACA is a federal law that has had a significant impact on the healthcare industry. The law has resulted in increased access to health insurance, reduced healthcare costs, and introduced new regulations and reporting requirements that healthcare providers must comply with. Regulatory and accreditation agencies such as CMS play a vital role in implementing the law’s provisions and providing guidance and support to healthcare providers.
