With less than two weeks left before the enrollment deadline for health insurance under the Affordable Care Act (ACA), an estimated 4.2 million Americans have already signed up since enrollment began on October 1, 2013. The Congressional Budget Office predicted 6 million signups by the March 31, 2014 deadline.
Obamacare, as the ACA is more commonly known, has been controversial. The government web site through which most Americans must sign up (some states have their own web site) was rife with technical problems for weeks after it launched. Although signing up by phone or by mailing in an application is possible, the focus of the media and Obamacare supporters was on sending people to the website, whose early technical problems were likely to have slowed down registration. The Obama Administration has not made their own prediction of the number of final sign-ups nor have they commented on the 6 million predicted by the Congressional Budget Office.
By signing up for health insurance through the ACA marketplace, many Americans will qualify for a tax credit or subsidy...
Its been an interesting year in the healthcare industry, in part due to the changing landscape of healthcare legislation, employer insurance policies and an ageing demographic of baby boomers. Below we present what we believe to be the biggest issues facing the healthcare system.
Healthcare insurance exchanges: The development of healthcare insurance exchanges, recently rebranded as "marketplaces" by the Obama administration, is moving more slowly than expected. However, this slower pace in becoming operational may be good news for providers, as the health care exchanges will likely pay providers at lower rates for their services. These exchanges are where consumers can “shop and compare” insurance plans before deciding on which one best suits their needs.
Increased technological integration: Patients are increasingly choosing providers who leverage technology in delivery of care. Whether its using social media to raise awareness for programs and fundraising or introducing new programs to improve quality, providers will benefit from using technologies that drive results. More and more organizations and their patients are going mobile so programs that enable data sharing between patients and their physicians while on the go are crucial.