Connect with us


Healthcare Insurance Service Providers Vary Of The Obamacare Act

Healthcare Insurance Service Providers Vary Of The Obamacare Act

From the day that it was first introduced, the Affordable Care Act by Obama, skeptics has warned that it would represent a complete government takeover of the healthcare system. So scared are the healthcare service providers that they think that the Act would actually lead to some crippling regulations for the profit and the non-profit players. However, market analysts think otherwise, as they have been seeing that the healthcare market is flourishing otherwise, mainly because of the additional business opportunities that the new law has created.

Mary Tolan knows that health care accounts for more than USD 3 trillion in spending in the United States and so it is actually difficult to tease out the impact of the law. The online exchanges have been operating only for a year. But having followed the industry closely, they agree that at least in the first year of the Act, the healthcare industry has greatly benefited. This is because the law has brought new customers to the insurers and new patients to hospitals and new prescription users to the pharmaceutical companies.

The irony of this system is that the healthcare system is actually seeing substantial amounts of earning across the sector. Mary A. Tolan saw that stock market, the for profit health insurers and hospitals and drug companies are actually doing well. As per market research, the S&P 500 health care index rose by 24% over from the last year, 2013. This means that it actually outperformed the overall stock market. Mary Tolan of Accretive Health clears the fact that the health insurance companies are not the direct beneficiaries of the law.

In the past few years, adults under the age of 65 has steadily declined as more companies stopped offering insurance to employees and more individuals were unable to afford the coverage. This trend was expected to continue but for the law. The law provided subsidies that has in fact helped millions afford the coverage. For the insurers, the health care exchanges are now the real game that would help them grow. The clear sign, as per Mary Tolan is the fact that carriers are finding the market attractive by them to offer policies through the online health exchange.

One of the insurance companies actually chose to give out individual plans through the online exchange only in a handful of states. By 2015, the health insurance company would offer more plans to as many as dozen. All this prospect has in fact led to new insurance service providers enter the market. However, Mary Tolan would also say that as the thousands of skeptics, the law is not boon for everybody in the insurance companies.

State and federal officials are closely watching what these insurers do and the market place has ensured that more competitors exist in the market. Furthermore, insurers are also limited by how much money they can earn through individual coverages. Whether this law would benefit or hurt those who are in the healthcare system is yet to be seen. But Mary Tolan is all hopeful and thinks that despite the initial hiccups to the Act, the law might actually be helpful in letting the healthcare sector grow.

Continue Reading

Recent Posts

Home Improvement2 months ago

How To Add More Value To Your Home

If you have some spare cash in the bank, it is likely you would like to spend it on your...

Lifestyle2 months ago

What is a Deep Plane Facelift

Cosmetic surgery is a choice that needs a lot of research and when it comes to thinking about a facelift...

Entrepreneur2 months ago

Unveiling the Demand for Digital Marketing Courses: A Comprehensive Analysis

In recent years, the realm of marketing has undergone a seismic shift propelled by the digital revolution. As businesses increasingly...

Home Improvement2 months ago

What Does an Effective Wardrobe Spring Clean Entail?

Spring is upon us which means one thing and one thing only. It is time for the annual purge of...

Business4 months ago

Your Basic Guide To Creating A Unique Investment Blog

Starting your own blog is great and once you get the ball rolling, it can be a good passive income...

Business4 months ago

3 Low-Risk Ways To Get Your New Business Started

Once you’ve got an initial business idea and believe that it will be a success, there are some basic things...

Lifestyle4 months ago

Conquering the Co-free Zone: Tips for Thriving as a Remote Worker

Adjusting to an office environment can come with its downfalls in the sense that it might be a shock to...

General5 months ago

3 Ways To Take Control Of Your Finances Starting Now

If your finances have taken over and are bringing stress to your life, we understand just how overwhelming it can...

Travel7 months ago

Best Places To Visit In The North Of England

If you live in England, you will know there are many different places to visit for the weekend. There are...

General7 months ago

Green Home Improvement Ideas

In a world where environmental concerns are growing, the concept of “green” has gone beyond a trendy catchphrase and is...

Lifestyle7 months ago

How to Host an Unforgettable House-Warming!

The time has finally come. You have moved into your dream pad, and are officially adulting in your very own...

Autos7 months ago

A Guide to Parking Lot Striping

The journey to a well-striped parking lot begins with the right paint. In this brief guide, we’ll unravel the mystery...

Business10 months ago

Business Tips For Protecting Your Finances During A Recession

In 2023, taking the necessary steps to protect your finances for your business is now more important than ever. The...

Lifestyle10 months ago

Tips For Cleaning Your Trainers

If you’re into your trainers and streetwear, you’re likely to be very conscious of keeping them looking their best! So,...

Marketing11 months ago

Branding Trends For Start-Ups in 2023

Branding is incredibly important as it impacts how your business reaches and connects with its target market. If you’re branding...