Understanding the Financial and Operational Impact
The next stage in what is being called the largest change in American healthcare since the adoption of Medicare/Medicaid in 1965 begins on October 1, 2013, when Health Insurance Exchanges (or Marketplaces) are scheduled to open to enroll participants for coverage, which will begin on January 1, 2014.
As the October 1 date rapidly approaches, some see this as an important step toward universal healthcare, while others see it as a potential “train wreck.” Will the Exchanges be able to meet deadlines for enrollment and coverage implementation? To date, 16 states and the District of Columbia have established state exchanges, including Washington, Oregon, California, Idaho, Nevada and Hawaii. The remaining states will be in federally facilitated marketplaces or a state/federal partnership exchange model. (more…)