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).
What Is Six Sigma? Six Sigma is a business management strategy focused on the statistical optimization of business process. Used historically by large companies like Motorola and GE, Six Sigma follows a strict design and assessment process to improve the products, services and overall effectiveness of a company. The term âsigmaâ measures how far a process is from perfection. By flagging the defects in a process and finding solutions that eliminate the problem, a company in theory can achieve Six Sigma quality. Six Sigma quality is achieved when a process produces no more than 3.4 defects per million opportunities.