Thousands of consumers still lack proper health insurance coverage despite signing up for exchange plans during the open enrollment period and paying their premiums, reported the Wall Street Journal. That's due to problems with exchange enrollment systems and the slow, drawn-out response from federal and state officials, according to insurers.
Insurers haven't successfully communicated the benefits of enrolling in a plan sold through a health insurance exchange since a new survey shows a large majority of consumers are afraid of their employers shifting them into the online marketplaces.
Affordable Care Act enrollment surpassed expectations, with roughly 20 million people gaining insurance under the law as of May 1. But measures other than enrollment are more important to gauge how well the law works, The Wall Street Journal reported.
Thanks to offering the lowest, across-the-board premiums on New York's health exchange, Health Republic Insurance of New York gained more market share than BlueCross BlueShield of Western New York, Independent Health and Univera Healthcarem, the McClatchy-Tribune reported.
Health technology firm Inovalon Inc. analyzed medical claims and found people enrolled in new healthcare reform plans have higher rates of serious health conditions than other insurance customers, The Wall Street Journal reported.
At least 15 states will continue operating their own health insurance exchange with no assistance from the federal government. Those state leaders, however, must determine how to fund their marketplaces.
Insurance and exchange leaders should put some of the major lessons learned into practice during the next open enrollment beginning in November, Jennifer Sullivan, director of the Best Practices Institute at Enroll America, said in a World Congress interview.
Insurers across the United States are jumping on the exchange train--at least 27 new insurers will offer plans on the marketplaces in 2015, reports The Hill.
For the four major insurance companies selling plans off of the exchanges, metals plans sold by UnitedHealthcare, Aetna, Cigna and Assurant cost 40 percent more than the least expensive plans offered on the exchanges, according to a new study from HealthPocket.
While websites were the most common source of information, insurance and exchange leaders should note that different groups relied on other sources, such as navigators, employers or the media, to obtain information on exchange plans during open enrollment.