2) Percentage of income. In 2014, the penalty is 1 percent (rising to 2 percent in 2015, 2.5 percent in 2016). The penalty is capped at the average cost of a Bronze plan, which for 2015 is $2,484 for an individual and $12,420 for a family of five; this cap will adjust annually.
People always ask, âWhat is the main goal of six sigma implementation?â Essentially, Six Sigma aims to âachieve lasting business leadership and top performance applied to benefit the business and its customers, associates and shareholder,â according to Michael L. George (2002).
Six Sigma is a methodological strategy by which errors in a companyâs current processes and plans are identified and strategies to rectify the same are formulated. It is fact-based technique, involving a lot of data handling, which provides scientific results for cost cutting and reduction in waste of resources.