Methods to Stabilize the State Health Insurance Marketplaces: A Conversation with Jack Hoadley (October 13th)
www.thehealthcarepolicypodcast.com
Listen Now UnitedHealth Group and other major health care insurers' participation in state health insurance marketplaces has caused increasing concern Affordable Care Act-created state marketplaces are becoming unstable. Moreover, this means health care insurance consumers will have little or possibly no choice in selecting an insurance provider. For example, in 2016 30 percent of counties throughout the US had only two insurers participating in state marketplaces (10 percent of counties had one). Beyond consumer choice, the absence of marketplace competitors threatens premium affordability. Creating new and stable insurance marketplaces, that is by definition challenging to accomplish, has been made additionally difficult by Congressional Republican opposition to the ACA's risk corridor program, that along with risk adjustment and reinsurance, is designed to mitigate unavoidable plan financial losses in trying to appropriately price premiums for a population with an unknown health history.
Methods to Stabilize the State Health Insurance Marketplaces: A Conversation with Jack Hoadley (October 13th)
Methods to Stabilize the State Health…
Methods to Stabilize the State Health Insurance Marketplaces: A Conversation with Jack Hoadley (October 13th)
Listen Now UnitedHealth Group and other major health care insurers' participation in state health insurance marketplaces has caused increasing concern Affordable Care Act-created state marketplaces are becoming unstable. Moreover, this means health care insurance consumers will have little or possibly no choice in selecting an insurance provider. For example, in 2016 30 percent of counties throughout the US had only two insurers participating in state marketplaces (10 percent of counties had one). Beyond consumer choice, the absence of marketplace competitors threatens premium affordability. Creating new and stable insurance marketplaces, that is by definition challenging to accomplish, has been made additionally difficult by Congressional Republican opposition to the ACA's risk corridor program, that along with risk adjustment and reinsurance, is designed to mitigate unavoidable plan financial losses in trying to appropriately price premiums for a population with an unknown health history.