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 - Definition & its Origin. Six Sigma is a data-based methodology to improve performance by reducing variability. It requires thorough understanding of product and process knowledge and is completely driven by customer expectations. In other words, it is a methodology to achieve 3.4 defects per million opportunities. It can also be used to bring breakthrough improvements in the process.