Posts Tagged ‘affordable health insurance options’

7 Health Insurance Issues to Follow This Year

Sunday, April 6th, 2014

Kaiser Health News and USA Today collaborated on an article asking “What Happens Next On The Health Law?“.  Julie Appleby, Mary Agnes Carey, and Phil Galewitz gave us seven things to watch for between the end of enrollment on March 31 and the beginning of the next enrollment period in November.  This health care reform has been hotly debated for the length of a presidential term already and will likely continue to be a hot topic into the future.  Now that the first enrollment period has come to an end, we can finally start to measure some of the successes, failures, and changes that have actually occurred.  Before that, it was just speculation.

Everyone wants to know how many people actually signed up for health insurance plans after the law took effect.  We certainly don’t have any concrete answers yet, but President Obama says that early indications show 6 million people signed up.  This doesn’t take into account those Americans who got health insurance outside of the government agencies or with insurance companies.  The March deadline was also loosened for people who tried to sign up and had website issues.  It could be a month or so before we get concrete numbers.  For the law to work ideally, young and healthy individuals needed to sign up.  So who actually did enroll?  Around one-quarter of them were in the targeted demographic of 18 to 34.  The majority of new enrollees were aged 35 and up and were female.  Health insurance rates are based on state enrollment though, so it’s more important to determine who signed up in each state.  Those states who had more older, sicker individuals sign up might see increasing health insurance rates.

The biggest question to be answered is whether or not the law actually affected the number of uninsured Americans overall.  There are no clear statistics to answer this question just yet.  The Kaiser Family Foundation says that they are pretty sure the uninsured rate has gone down, based on a Gallup poll and McKinsey phone survey.  That last survey found that 27% of those who signed up for health insurance previously did not have any.  Everyone will be closely tracking final figures on this topic.  You will not find the same plans and prices when the next enrollment period begins on November 15.  Insurance companies will have to go over all of the costs and figures before they release their new selections next fall.  It’s too early to determine whether Medicaid participation will grow, but that is something that a lot of people are watching this year.  There has been a lot of political fighting over Medicaid expansion, so it is being closely monitored.

Many of us are wondering what might happen with employer sponsored health insurance.  Employers who already offer it will continue to do so, but will likely pass cost increases onto employees through increasing deductibles and co-pays.  Employers with less than 50 employees do not have to offer them health insurance.  Those with 50-99 employees have to offer 70% of them insurance plans by 2016.  Companies with 100 or more workers have to offer 70% of them health insurance by next year.  Look out for coverage options relatively soon if you work for one of those companies.  Congressional elections will likely be affected by these health care issues in the near future.  You’ll probably see a lot of advertising and news time dedicated to health care reform issues this year.  If you are looking for a health insurance plan, find an affordable option here.  The next enrollment period for the government exchanges begins on November 15.