Many states have conceded their rights to operate their own health insurance exchanges, leaving the responsibility for setting up and maintaining the exchanges in the Federal Government's hands. By the deadline of December 14, 2012, only 14 states had submitted their plans to operate state run health insurance exchanges, with another three announcing that they desired to join the ranks of state run operations. These means a majority will now have federally run healthcare insurance individual exchanges, and many residents are worried.
Those that fear the federal run exchanges accept that this is just too much responsibility added to an already strained govt.. Having them try to implement health insurance individual programs, create a passable mean for individuals to investigate and obtain coverage, and keep the whole program viable is a job not meant for the weak hearted, or the time constricted. States are being granted millions to be advocates for their citizens, and guarantee purchaser friendly access to health insurance individual coverage. Advocates for state run exchanges accept that health insurance individual options will be best served on a local level.
For the states that didn't consent to run their own exchanges, Fed. funds were not enough to outweigh the potential backlash. Individual health insurance is currently different in each state. Plans, underwriting, for example. Are all domestically engineered to the requirements of their residents. By lumping together all those short of individual health to just one or two "categories", the premiums must be increased.
Local carriers will face some cutthroat competition, and may be unable to keep up pace. Additionally , companies who use Fed. exchanges will be free from many of the charges and penalties imposed by state run exchanges. Overall, opponents are hoping that when the system falls on its face they won't be linked to the fiasco that is medicare reform.
Deep concerns also exist when it comes to the funds needed to set up Fed. exchanges. Will Washington leaders dig deep into their own pockets? Or will the brunt fall on the taxpayers? It will not be cheap to operate a health insurance exchange, so the money will have to come from somewhere. Individual health insurance is at stake, and shouldn't be regarded lightly. If people look to the reform system to fail, at what cost will this be? Whether your exchange is federally or state run, the system should be there when you need it. If not, it must return to the drawing board until a supportable system is created.
Those that fear the federal run exchanges accept that this is just too much responsibility added to an already strained govt.. Having them try to implement health insurance individual programs, create a passable mean for individuals to investigate and obtain coverage, and keep the whole program viable is a job not meant for the weak hearted, or the time constricted. States are being granted millions to be advocates for their citizens, and guarantee purchaser friendly access to health insurance individual coverage. Advocates for state run exchanges accept that health insurance individual options will be best served on a local level.
For the states that didn't consent to run their own exchanges, Fed. funds were not enough to outweigh the potential backlash. Individual health insurance is currently different in each state. Plans, underwriting, for example. Are all domestically engineered to the requirements of their residents. By lumping together all those short of individual health to just one or two "categories", the premiums must be increased.
Local carriers will face some cutthroat competition, and may be unable to keep up pace. Additionally , companies who use Fed. exchanges will be free from many of the charges and penalties imposed by state run exchanges. Overall, opponents are hoping that when the system falls on its face they won't be linked to the fiasco that is medicare reform.
Deep concerns also exist when it comes to the funds needed to set up Fed. exchanges. Will Washington leaders dig deep into their own pockets? Or will the brunt fall on the taxpayers? It will not be cheap to operate a health insurance exchange, so the money will have to come from somewhere. Individual health insurance is at stake, and shouldn't be regarded lightly. If people look to the reform system to fail, at what cost will this be? Whether your exchange is federally or state run, the system should be there when you need it. If not, it must return to the drawing board until a supportable system is created.
About the Author:
Daniel Abrams, President of Insuresaver Insurance Agency is a health insurance
exchange expert and individual health insurance consultant
exchange expert and individual health insurance consultant
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