The Impact of the Affordable Care Act on Construction Projects
We all have heard about the Affordable Care Act (ACA) in one way or another. Also known as ObamaCare, this legislation is said to ensure that all Americans are covered by some form of health insurance. Individuals must register for health insurance via the state-operated insurance registration websites to find affordable care. Employers must provide affordable health care options for qualified employees. Whether you are an individual citizen or an employer, you will face a penalty for not complying with the law.
Like many things that come down the pipe from the federal level through the state and eventually down to the man on the street, the Affordable Care Act has people on both sides of the fence pushing their agenda. The impacts on construction have both their positive and negative aspects. Let us examine just a few of the major projections related to this legislation’s impact in order to be certain that we are clear on how this legislation might eventually make for either a profitable or problematic year in the construction industry.
Construction Demands within the Medical and Health Care Industry
The medical and health care industry will have to modify current and construct more health care facilities in order to accommodate the demand for health care services. According to the latest information for the Affordable Care Act, 8 million Americans have signed up for health care coverage on the healthcare.gov website. That is a million more than were actually expected to sign up. Those 8 million people will need to receive health care services somewhere, and that is where the construction industry comes into play.
Construction companies will need to prepare to take on larger projects as this demand continues to grow over the rest of the year and most probably into next year. These companies will need to get up to speed on the construction of health care facilities and their local guidelines regarding codes and regulations specifically geared towards such facilities. These construction companies will also need to beef up staffing on a temporary basis in order to meet the demand of fast-paced projects with short time frames for completion.
Health Care Related Facilities Also Expect Growth
The health care industry is not simply limited to hospitals and health clinics. Numerous other types of related aspects of health care will see a growth in demand for expanded and new facilities to adjust for the increasing demand throughout the entire industry.
- Pharmacies. More health care coverage leads to more people being treated for ailments. That naturally leads to more prescriptions being distributed. If that is the case, then the pharmaceutical drug industry will have to increase its operational capacity to stay in line with the increasing demand for more supplies. These facilities will need to expand and enhance waiting rooms as well as increase the capacity of their storage space.
- Rehabilitation Centers. Patients receiving surgeries and recovering from treatments will often be assigned to a rehabilitation center for physical therapy and similar activities. With 8 million more people receiving care nationwide, such facilities will naturally need to remodel and construct.
- Alternative Medicine Clinics. In this era of wellness and health, many people have opted for alternative medical treatment. Many of these facilities will see an increase in caseloads due to the surge in health care coverage. They will need to increase their own facility design and structure due to the greater need for services for clients.
Staffing for New, Larger Projects with Construction Labor
Undoubtedly, construction companies stand to benefit from the Affordable Care Act’s impact on health care and related facilities. In order to meet such demands head-on, the construction industry will need to get prepared for what it will take to obtain and complete these anticipated projects. Construction companies will need additional skilled laborers who can step in and assist with such projects.
Construction companies can count on Construction Labor to support them during such transitional times as these. Construction Labor can supply construction companies with the type of skilled labor staff necessary on a temporary basis. By working with Construction Labor, a construction project manager or HR manager can see his or her projects through to completion without incurring some major employee related costs along the way.
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