My Opinion Only: New Health Exchanges

| April 22, 2011 | Comments (0)

Thumbnail previewThe New Health Insurance Exchanges Are Being Sold as Just Like What Congress and Government Employees “Enjoy.” They are not the same thing.

Exchange supporters talk about the Exchange as the same model as government employees “enjoy” through the Federal Employee Health Benefit plan (FEHB). But it is not true.

The Affordable Care Act (ACA) of 2010 requires all 50 states to launch health insurance exchanges by January 1, 2014. If they do not, the federal government will do it for them. Exchanges, its supporters allege, will make health insurance more accessible for the masses.

FEHB officials brag that government employees have hundreds of insurance options from which to choose. True enough, at least for individuals that live in multiple states at the same time. But for real humans who can only live in one place at a time, there are only a handful of choices, just like normal non-government employees.  Read the rest of the article.

Category: Consumer & Industry News, Featured, What Brokers Are Saying

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