Briefly explain the American Recovery and Reinvestment Act as it relates to the

Question

Briefly explain the American Recovery and Reinvestment Act as it relates to the implementation of the HITECH act. Discuss the need for HIPAA compliance as a result of HITECH implementation and include the impetus for the implementation of the HITECH law/legislation, hiwnit has impacted quality and safety of care to the consumer, has the law resulted in an increase or decrease of healthcare dollars to the consumer and how does HIPAA law help ensure that patients information is more secure as a result of the law. Briefly explain the American Recovery and Reinvestment Act as it relates to the implementation of the HITECH act. Discuss the need for HIPAA compliance as a result of HITECH implementation and include the impetus for the implementation of the HITECH law/legislation, hiwnit has impacted quality and safety of care to the consumer, has the law resulted in an increase or decrease of healthcare dollars to the consumer and how does HIPAA law help ensure that patients information is more secure as a result of the law.

Explanation / Answer

American Recovery and Reinvestment Act. This plan was initiated in the year 2009 as a follow up to Troubled asset recovery program, which ended the 2008 financial crisis by bailing out large banks. This was fiscal stimluls which ended the great recession. This plan was approved to boost demand and instil confidence by putting $787 billion into the pockets of American families and small businesses. It had 7 components

1. Immediate Relief for Families
2. Modernize Federal Infrastructure
3. Increase Alternative Energy Production
4. Expand Health Care
5. Improve Education
6. Invest in Science Research and Technology
7. Help Small Businesses
Pros and Cons of ARRA
Many people calimed they were unsure of receivinga tax break.
Small businesses complained that loan guarantees and tax deductions didn't help them.

Others criticized the focus on education or helping low-income families.

But the success of ARRA is in the numbers. The recession ended in July 2009. It expanded 1.3 percent in Q3 2009 after shrinking 5.4 percent in Q1 2009. In the first 18 months after ARRA passed, the economy added 2.4 million private sector and 1.7 million government jobs. That was after losing more than 500,000 jobs a month during the recession.

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