The Massachusetts Health Care Act Of 2006 - 922 Words

The Massachusetts Health Care Act of 2006 was an attempt to give healthcare to all of the residents of Massachusetts. The law mandated that nearly every resident of Massachusetts obtain a minimum level of insurance coverage, provided free health care insurance for residents earning less than 150% of the federal poverty level and mandated employers with more than 10 full-time employees to provide healthcare insurance. The law was amended significantly in 2008 and twice in 2010 to make it consistent with the federal Affordable Care Act. Massachusetts recent health reform has decreased the number of uninsured, but no study has examined medical bankruptcy rates before and after the reform was implemented. These brief statements say a lot about the health care plan and what it was designed to do. The plan was created by Governor Mitt Romney in Massachusetts beginning in 2005. As a public figure, the people either adored him or despised him. With his plan to control health care in the state of Massachusetts, the success rate was then determined by his popularity throughout the state, with his ability to make the act a form of succession to meet the needs of the people of his state. â€Å"Massachusetts, however, is facing challenges as it moves forward with health reform. In particular, two trends that began prior to health reform continue to put pressure on the health care system in the state: gaps in provider supply, particularly for primary care, and escalatingShow MoreRelatedThe Massachusetts Health Care System1563 Words   |  7 Pagesfocuses on analyzing the Massachusetts health care system. Specifically it addresses how the 2006 health care reform law sought to increase health insurance coverage for the uninsured, underinsured, children, young adults, and low income residents. Its desire was for universal coverage for all its residents, and that it would be both reasonably priced and of value. The Law addressed need to decrease the barriers to health care, such as racial disparities, and overall health care costs while increasingRead MoreThe Effects Of Universal Health Insurance Mandate On The Massachusetts Labor Market1372 Words   |  6 Pageseff ects of the universal health insurance mandate in the Massachusetts labor market. Using a difference-in-differences (DID) model, this study focuses on the co-evolution of insurance coverage and labor markets. One found that under the recent legislation, workers from firms of varying sizes demonstrate different patterns with regards to obtaining insurance coverage. While employer-sponsored health insurance is designed to be the primary source of coverage for Massachusetts residents under reform,Read MoreThe Massachusetts Of Massachusetts893 Words   |  4 PagesThe Massachusetts Experiment Massachusetts has undergone many changes in their health care system since enacting a universal health care law in 1988. The effects of the Massachusetts health care laws are a good indicator of what people should expect from the enactment of the ACA. The multiple health care reforms in Massachusetts were in an attempt to increase health care coverage while still maintaining financial stability. Background Massachusetts began its health care reform in 1988. Under theRead MoreEssay on Massachusetts Health Reform1386 Words   |  6 PagesMassachusetts Health Reform In 2006 the state of Massachusetts wanted to help its millions of citizens who were uninsured. The state legislators as well as the governor put into place a plan to help citizens get insurance. A law was passed to reform insurance in Massachusetts, which was known as Chapter 58 of the Acts of 2006 of the Massachusetts General Court; its long form title is An Act Providing Access to Affordable, Quality, Accountable Health Care. The newly enacted law decreed that almostRead More America Needs the Affordable Care Act 1320 Words   |  6 Pageshospital and either do not have, or have very poor health insurance. The current process is not fair to anyone, whether one has no health insurance or one who has paid for it. Under the Patient Protection and Affordable Care Act, otherwise referred to as Obamacare, signed into law on March 23, 2010, this requires all Americans to purchase health insurance. The purchase of this care is purchased either individually or through the government market place. The act will lower the cost of insurance on all AmericansRead MoreImproving Access Of Healthcare1156 Words   |  5 Pagesthe United States, health insurance expansion and market reforms have focused on increasing the access of healthcare. For instance the passing of the Patient Protection and Affordable Care Act (PPACA) of 2010 focuses on the expansion of affordable quality health care to millions of uninsured. The act requires that all Americans purchase a private health care plan or enroll in a government funded insurance program. The often repeated argument in favor of expanding health care coverage is that itRead MoreEssay about The Impact of The Affordable Care Act1660 Words   |  7 Pagesalways had a realization that there was a problem with obtaining affordable health insurance. The Patient Protection and Affordable Care Act (ACA) also known as Obamacare, was signed into law in March 2010. This law enables people who were unable to afford healthcare the ability to obtain a healthcare plan at an affordable rate. In 2009 a survey was taken as to the amount of people in the United States that carried health insurance. In table one below you can see over 50 million people in the UnitedRead MoreMassachusetts : Pioneers Of Universal Health Care1471 Words   |  6 PagesMASSACHUSETTS: PIONEERS OF UNIVERSAL HEALTH CARE IN THE UNITED STATES The state of Massachusetts is known for its rich history, steeped in the beginnings of the American Revolution, the foundation of religious freedom, and its elegant legacy in the arts and education. Massachusetts continued to make history in 2004, when it legalized same sex marriages. It really should not have come as a surprise to anyone, that a state so grounded in pioneering movements, became the first state in the UnitedRead MoreThe Patient Protection and Affordable Care Act (PPACA)1660 Words   |  7 Pagesï » ¿The Patient Protection and Affordable Care Act (PPACA) is one of the most substantial reforms in Medicare since 1965. This is now considered the law of the land according to Douglas Holtz-Eaton. The PPACA portrays a â€Å"coverage first† strategy. â€Å"Sadly, a review a of the state’s experience bodes poorly for the future of national reform.† (Point/Counterpoint 177) There are two major driving factors in which could propose a threat for this reform. The first factor is it costs too much. Many decadesRead MoreThe Affordable Care Act Of Wyoming1419 Words   |  6 PagesOffice: POLS 1100-500 Date: September 22, 2014 Subject: The Affordable Care Act This Memo responds to your request for information about the affordable care act. In this memo I will discuss the history of the act, major provisions of the act, and how the act will affect health insurance in the state of Wyoming. I will also address the reaction and impact the act has had on other states in the union. The affordable care act was implemented by the 111th United States congress and signed into law

Human Rights Violations in China - 908 Words

Human rights violation in China The People’s Republic of China with a population 1.3 billion, is the third largest country in the world and has a land size of 960,000 square kilometres. It is a rapidly growing economy, with living standards being raised every year. However, human rights violations are still a part of daily life in some part of China and can still be seen in the present time. The most controversial issues include discrimination, right to live and not to be subject to torture, freedom of religion, opinion, to fair public hearing, rights to family and the right of movement. (The Consulate General of The Peoples Republic of China, 2003),(Infoplease, 2009) The human rights - the freedom from sex and career status†¦show more content†¦Rural workers who move to cities, seeking for employment opportunities, are captured and sent back to their hometown, because the government thinks they are the source of crimes and that they should be tracked down to maintain China’s public image. All-China Women foundation and constitutions were launched to preserve and enforces rights of women and rural residents in political, economic, culture and family life, though no improvement was done by the government. The freedom of religion is also violated. This is evident when China prohibits all religious activities outside establishments registered; only four religions which are Buddhism, Taoism, Christianity and Islum, are permitted for people to practise and contents are monitored and sometimes modified. The government has endeavoured to eliminate many types of new religious group, including Falun Gong. Falun gong has been banned since 1999; security forces kidnap and arrest thousands of Falun Gong leaders, approximately 3000 practitioners were tortured to death and 6000 was sent to prison(Human rights watch, 2002), because it had been the most serious threat to the government since the 1989 Tiananmen student uprising. The governments do not approve of religious performance, so people would not share ideas that are not beneficial to obedience under a communist regime. There is also no freedom of speech in China. Authors of the criticizing articles about China were executed under the reason, â€Å"protection of stateShow MoreRelatedHuman Rights Violations in China - Should Western Companies Continue to Do Business with China?1636 Words   |  7 PagesCommissioner for Human Rights (2010) claims that everyone is equally entitled to human rights without discrimination. 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Furthermore, most of theseRead MoreExpanding Social Media Into the Chinese Market Essay1217 Words   |  5 Pagesbusiness into China. This report seeks to describe the potential problems of this expansion by analyzing Google, Yahoo!, and Microsoft’s mistakes after attempting to enter the Chinese market in 2006. According to Amnesty International (AI), an international human rights organization, the Chinese government has been violating the â€Å"fundamental human rights† of its citizens, and Google, Yahoo!, and Microsoft have been â€Å"complicit.† AI defines these human rights as being inalienable for all human beings.Read MoreThe Universal Declaration Of Human Rights1417 Words   |  6 PagesDeclaration of Human Rights (UDHR) delineates the basic rights and freedoms entitled to all humans. The freedom of speech and the right to express beliefs freely is a universal human right protected by Article 19 of the UDHR. It declares that â€Å"everyone has the right to freedom of opinion and expression† and can â€Å"hold opinions without interference†. The regional agreements of Iran, China and Bahrain are in accordance with the Universal Declaration and are fully dedicated to upholding the rights of the citizensRead MoreEssay Chinas One Child Policy785 Words   |à ‚  4 Pages The Chinese Republic has over than one billion people. China had a leading civilization for centuries guiding the whole world in different fields. However, in the 19th and the 20th century China suffered form serious problems, which resulted from huge numbers of population. When China was under the leadership of Mao who believed that a strong nation must have large population, the population of China increased rapidly until it reached its double. From one hand, Peng Peiyun, the writerRead MoreProblem: Human Rights Violations In Sino-Africa Cooperation1321 Words   |  6 PagesProblem: Human Rights Violations in Sino-Africa Cooperation China’s increasing presence in Africa has been exposed to international critiques for human rights violations. Rampant land grabbing by Chinese companies, labor abuses in Chinese factories and farms, and China’s close bonds with authoritarian governments are three major problems that have become protuberant, impeding the progress of China’s â€Å"Going-Abroad† strategy in Africa. Take China’s footprint in the African agricultural sectorRead MoreComparative Analysis Of The Press And Its Role On Civil Liberties1378 Words   |  6 Pagesof Democracy in China and Japan Two of the greatest powers in the modern world are China and Japan. Both countries have dealt with civil unrest and violence to establish the governments that exist today, and both maintain status as major economic powers in the modern global trade markets. Located a mere 1000 miles apart, these two countries share many similarities, but they also could not be more different. While Japan has made huge strives towards becoming a free country, China is failing to establishRead MoreTibetans Self-Immolation as a Protest Against Chinese Forces 1329 Words   |  5 Pagesit’s own independently ruled country until it was conquered by the Mongolians of the Yuan dynasty. Once the Yuan fell, the new Qing rulers recognized Tibet as its own state, since it had been in Mongolian control and not Chinese control (Tibet and China: Two Distinct Views). However, in 1950, Mao Zedong invaded Tibet with the promise of Peaceful Liberation. This entailed being liberated from â€Å"Western Imperial ists,† and even though Tibetans did not understand this, they agreed to it because of Mao’sRead MoreHuman Rights Of A Country s Civil Society1579 Words   |  7 PagesHuman Rights A human right is defined as, a right that is believed to belong justifiably to every person. They are often held to include the right to life, liberty, equality, and a fair trial, freedom from slavery and torture, and freedom of thought and expression. The Chinese government often denies any abuses of human rights, but many countries and international organizations argue otherwise. Many point out repeated abuses in areas such as†¦.. Civil Society Civil society can be defined as theRead MoreWomen From Vietnam And Myanmar998 Words   |  4 Pagesaround them and being taught that they deserve everything they want and more, have now taken to acting out in violence. With the shortage of women, brides are being purchased from Vietnam and Myanmar to satisfy the demand. Girls and young women in China are being kidnapped and sold as brides or worse all throughout the country. There are girls going missing at an alarming rate, but the media does not cover such things as they do in the US or the UK. The media does not want to damage the reputation

Joyce Corporation Ltd. Financial Summary Analysis - MyAssignmentHelp

Question: Discuss about the Financial Analysis for Joyce Corporation Ltd. Answer: Introducton: The main area of its business for Joyce Corporation is about Auctioneers and Valuers, home furnishings and kitchen ware. The company is listed at ASX having its head office at Perth, Western Australia. The companys 4 units are Lloyds-Auctioneers and Valuers, WallspanKitchens Wardrobes, Kitchen Connectionkitchen Wardrobes and Bedshedall about bedroom furnishings. It is listed in the Australian Securities Exchange or ASX. It also started property business but it makes divestment in this business. It started foam and furniture manufacturing business. The company was established in 1886 and is based in Osborne Park, Australia (Joycecorp, 2016). There are in total 44 store locations with 209 staff members and 4 business units. Company is I the business of Bedshed Franchising Company Stores (Bedshed). The Companys different portfolios include Stores owned by the company, retail kitchen stores operation and franchising. The stores owned by the company are mostly in absolute retail business in retail and kitchen sector or industry. KWB Group Pty Ltd (KWB) is in operation of customised designing of kitchens and wardrobes. The furniture retailing business stores is very specialist type of furniture type like bedding and bedroom products which are in good demand in South Australia, Queensland, and Victoria, Western Australia (Joycecorp, 2016). Profitability: The company is 130 years old and is having its headquarters at Perth, Western Australia. It mostly serves the Australian market. The business of the company has grown many folds in last two years. The sales have increased significantly in 2015 compared to 2014 figures. The company plans to consolidate all its warehouse locations to a centrally located area either in Perth or at a place where its location will help in logistics to become economical. Bedshed stores are all located in Western Australia, Queensland, and New South Wales. The leasing business of commercial property started with leasing at New South Wales. The company also started retailing in bed linens, kid beds, beds, mattresses, wardrobes and kitchens customized (Drake, Pamela Peterson, 2015). RATIO ANALYSIS 2015 2014 JC JC JC JC RETURN ON ASSETS 11.40% 4.29% PAT 5221 1570 ASSETS 45814 36618 RETURN ON EQUITY 19.74% 6.91% NET INCOME 5221 1570 EQUITY 26450 22730 GROSS PROFIT MARGIN 50% 7% GP 17259 854 SALES 34737 12657 NET PROFIT MARGIN 15% 12% PAT 5221 1570 SALES 34737 12657 The net profit from continuing operations for the year 2014 is $ 1,570,000 which is approximate about 1.5 times the profit of the year 2013 which was $ 668,000. While the profit for the year 2015 grew from $ 1,570,000 of the year 2014 to $ 5,221,000 which is approximately 3.325 times. This phenomenal jump is a very positive sign that the companys operations are moving in the right, targeted, desired growth path and this is evident from the jump of a profit from $ 668,000 for the years 2013 to $ 5,221,000 for the year 2015. That means a growth by almost eight times within a time period of 2 years. The bottom line has increase significantly compared to top line of the company. The bottom line has improved but significant improvement can be seen in the top line. The indication is proper growth in revenue and of the margin of the company (Edmister, 1972). Asset Efficiency: Total current assets have grown from $ 5,464 in the year 2014 to $ 32,866 in the year 2015 making the growth by 6 times. This means that the business is growing very fast and if the trend is kept ongoing then it will be a great competitor to face. RATIO ANALYSIS 2015 2014 JC JC JC JC DAYS INVENTORY TURNOVER 44.8262 180.943 AVERAGE INVENTORY X 365 783472.5 742410 COGS 17478 4103 ASSETS TURNOVER 0.8428 0.34188 TOTAL SALES 34737 12657 AVERAGE ASSETS 41216 37022 DAYS DEBTOR TURNOVER 5.21699 20.4604 AVERAGE DEBTORS X 365 181222.5 258967.5 SALES REVENUE 34737 12657 The turnover days of inventory has improved dramatically. In 2015 days inventory turnover is of 45 days improved from 181 days. This indicates the fact that rollover of inventory has improved. Higher rollover or the turnover is favourable to boost sales. The better sales figure reflects to the bottom line of the company. The asset turnover figure indicates the efficiency of the management to use the assets to the fullest to boost sales. The sales have improved dramatically in 2015 and the asset turnover has also improved to 0.84. This indicates better asset management. The improvement of the debtors turnover days indicate that the company is managing receivables properly and ensuring that the cash is collected from the receivable in proper time (Myaccountingcourse, 2016). Liquidity: The cash position for the years 2014 was $ 816 which grew to a very high level of $ 5,962 in the year 2015. That means the cash in hand have grown by almost 7.3 times within a years time. This shows that the operations are better than a year ago. The main area of concern here is that the expenses on the payments made to the employers and suppliers have also grown by 2.13 times from the year 2014 in the year 2015. If this can be controlled it would be better. RATIO ANALYSIS 2015 2014 JC JC JC JC CURRENT RATIO 2.45708732 1.37736325 CA 32866 5464 CL 13376 3967 QUICK RATIO 2.29373505 1.27249811 CA-INVENTORY 30681 5048 CL 13376 3967 Despite lower inventory and lesser collection days the current asset of the company increased in 2015 and the improvement is significant. The asset quality has also improved. The quality of current assets has improved compared to current liability. This indicates proper financial condition of the company (www.inc.com, 2016). Capital Structure: This consists of contributed equity, Reserves, Non-controlling interests, Retained earnings/ (Accumulated losses). The amount for Capital structure of Equity for the year 2014 was $ 22,730 which grew to $ 26,450 in the year 2015. That means a very nominal growth by 1.16 times but this increase is quite substantial as the amount included retained earnings for $ 5,314 for the year 2015 which grew from $ (-482) in the year 2014, that means a growth by 11 times in the year 2015 from 2014. RATIO ANALYSIS 2015 2014 JC JC JC JC DEBT EQUITY 0.7321 0.611 TOTAL LIABILITY 19364 13888 TOTAL EQUITY 26450 22730 GEARING RATIO 0.4227 0.379 TOTAL LIABILITY 19364 13888 TOTAL ASSETS 45814 36618 EQUITY RATIO 0.5773 0.621 TOTAL EQUITY 26450 22730 TOTAL ASSET 45814 36618 The liability has increased compared to equity on the other hand the liability has also increased compared to assets. This indicates that the company has leveraged it position to invest in assets. The assets added in 2015 are funded out of debt not out of the equity. The acceptable level of leverage is better for every company (www.investopedia.com, 2016). Interest serving ratio: RATIO ANALYSIS 2015 2014 JC JC JC JC INTEREST COVERAGE 4.4656 2.809 EBIT 1170 958 INTEREST 262 341 The increase in bottom line and the EBIT figure is indicating better interest coverage position for the company in 2015. The net profit is at the comfortable level despite increased leverage position of the company in 2015. Cash Flow: Three main sections of companys net cash flow areas Receipts from customers. Cash acquired from business combination, net of considered cash. Proceeds from sale of assets. Section showing strongest net cash flow Receipts from customers. The reason for its strong net cash flow from investing activitiesdue to two factors the cash flow from this sector is strong because of sale proceeds from asset sales and from business combination cash gain after netting off consideration. Despite payment of the borrowed amount in 2015, the company has managed to hold on to $5962000 in 2015. This indicates better financial condition and the cash position of the company (www.inc.com, 2016). Market Performance: The company is in competition with a few companys who are in the similar business in the Australian region. The main competitors are Adairs Limited: this company is one of the main competitors of Joyce Corporation Ltd. It has five types of store formats like Adairs, Adairs Homemaker, Adairs Outlets, Urban Home Republic (UHR) and Adiars. This company is in retail business of home furnishings and home wares. Kingform Health Home textile Group Limited: this is a holding company dealing with home textiles like quilt, memory pillow, microfiber quilt bedding sets, fabric microfiber filling polyester cotton, embroidery pillow, silk jacquard bedding sets. RATIO ANALYSIS 2015 2014 JC JC JC JC P/E RATIO 9.5062 0.895 MARKET PRICE 1.54 0.51 EPS 0.162 0.57 Companys share prices as on 30th June, 2015$ 1.08 per share. Companys share prices is as on 30th June, 2014--$ 0.51 per share. The share price has jumped by almost 2.11 times per share within a span of 1 year from $ 0.51 in 2014 to $ 1.08 in 2015. Due to better financial performance the market price has doubled with in the span of one year. The P/E has also improved along with better performance of the company (Google, 2016). References: Drake, Pamela Peterson, 2015. Financial ratio Analysis. [Online] Available at: https://educ.jmu.edu/~drakepp/principles/module2/fin_rat.pdf [Accessed 19 September 2016]. Edmister, R.O., 1972. An Empirical Test of Financial Ratio Analysis for Small Business Failure Prediction. [Online] Available at: https://journals.cambridge.org/action/displayAbstract?fromPage=onlineaid=6318448fileId=S0022109000017567 [Accessed 13 September 2016]. Google, 2016. Joyce Corporation Ltd. [Online] www.google.com Available at: https://www.google.com/finance?cid=680892 [Accessed 19 September 2016]. Joycecorp, 2016. ABOUT. [Online] joycecorp.com.au Available at: https://joycecorp.com.au/ [Accessed 18 September 2016]. Joycecorp, 2016. Corporate History. [Online] joycecorp.com.au Available at: https://joycecorp.com.au/index.php/corporate-history/ [Accessed 16 September 2016]. Myaccountingcourse, 2016. Financial Ratio Analysis. [Online] Available at: https://www.myaccountingcourse.com/financial-ratios/ [Accessed 19 September 2016]. Nigudkar, A., 2016. How to Analyze Financial Health of a Company in 6 Easy Steps. [Online] www.financewalk.com Available at: https://www.financewalk.com/financial-health-company-analysis/ [Accessed 13 September 2016]. www.inc.com, 2016. Cash Management. [Online] Available at: https://www.inc.com/guides/finance/cashmanagement.html [Accessed 18 June 2016]. www.investopedia.com, 2016. Ratio Analysis. [Online] Available at: https://www.investopedia.com/terms/r/ratioanalysis.asp [Accessed 15 Augustus 2016].