Current legal event Essay Example | Topics and Well Written Essays - 750 words

Current legal event - Essay ExampleWhen the regulate made concerns the businesses, it on the whole leads to a negative impact or a positive impact to the businesses. Such orders have occurred in the United States of America in the year 2012 and the beginning of the year 2013. For exercise the president Barack Obama gave an executive order on 12/2/2013 on the legal interpretation to the companies that manage internet activities (Klein, 2012,23). He uniform that the companies should have an insurance coverage that currently exists so that they may be secured from other risks that would affect their operation. This insurance cover, the cyber liability policy, would protect these companies from losses that may result from either the third party or the cooperate party since it would permit them the access to identify the information of customers that transmit computer viruses to the other business partners (Klein, 2012, 31). therefore due to this order, companies that would be fou nd without such an insurance cover would face government fines or safekeepings. They would in addition respond to the costs used by the government to carry the investigation especially when every breach of conduct is discovered. Some companies accepted this order while others claimed that the penalties were too high and this would non pack them reach a wider market. Another ruling came from the Supreme Court on 28/6/2012 that uniform an expansion of Medicaid with governors and the implementation of health insurance exchange. The ruling was to instruct all the individualistics that that were under the department of health and human service to design the benefit package for the covered individuals. The expansion policy was also meant for all the states. In addition the governors had requested the federal government to give states flexibility to expand Medicaid. The penalty for not securing health insurance cover was also enforced, to regulate commerce among the state. This order was dismissed by some(a) companies which claimed that it compelled citizens to be participants in the commercial market that would shift them from health reverence market. Therefore the healthcare market would go down as A result. However the provision also prevented the insurance company from refusing persons with the preexisting conditions and to charge their based on the persons medical back ground. Therefore it forced the insurance companies under the health care to reduce their premium rates (Klein, 2012, 27). The court also produced an act, validity of mandatory arbitration clause, on27/2/2013 that provided a legal shield to the corporations who steal from their customers. It forced consumers to give up their constitutional rights of bringing disputes against defendants as menage actions, to give immunity to corporation which steal small amount of money across many individual customers. These made the customers to lose hope with such corporations due to lack of trust hence t he corporations loosed their customers. Question 2 The legal events will have a significant impact on the businesses because their rights are being protected and catered for. When the federal government gives an order that favors businesses, they get encouraged to involve more on the business activities. For instance the order that was given to the companies that manage internet facilities, which required them to take an insurance cover