In the Journal of Adolescent Health, Charlene Wong and colleagues, including David Asch, Tom Baker, Robert Town, and Raina Merchant, describe young adults’ perspectives on health insurance and HealthCare.gov, including their attitudes toward health insurance, health insurance literacy, and benefit and plan preferences. Access to preventive or primary care and peace of mind were the most salient advantages of health insurance for young adults. The authors find that young adults perceive the financial strain of paying for health insurance as the most salient disadvantage. Deductible...
In the Annals of Internal Medicine, Charlene Wong and colleagues, including David Asch, Tom Baker, Robert Town, and Raina Merchant, survey young adults on ways to improve the HealthCare.gov insurance selection process. Participants explained their thinking in real time as they used the website and made decisions about health insurance. Challenges that they expressed included poor understanding of health insurance terms that were inadequately explained on the website. Although participants expressed their preferred plan benefits, they had difficulty matching plans with their...
Insurance Plan Presentation and Decision Support on HealthCare.gov and State-Based Web Sites Created for the Affordable Care Act
In the Annals of Internal Medicine, Charlene Wong and colleagues, including Daniel Polsky, Robert Town, and Tom Baker, assess the presentation of insurance plans as well as the availability of consumer decision aids on Healthcare.gov and state-based health insurance marketplaces. The authors examined HealthCare.gov and all state-based marketplaces during the first and second open enrollment periods. They collected information on what consumers would see while they were “window shopping” (before creating an account) and “real shopping” (after creating an account). The authors find...
News reports indicate that consumers may see some welcome changes when they enroll or re-enroll in a health insurance plan on HealthCare.gov on November 1. They should expect to see an upgraded web site with new tools to help them window shop and choose the best plans for them.
While the Affordable Care Act has achieved a second victory before the Supreme Court and produced significant coverage gains, it might also have produced a less positive outcome: in an NBER working paper, Penn LDI colleagues Mark Pauly, Adam Leive and Scott Harrington found that a large portion of non-poor (measured by income above 138% of the poverty level) who gained coverage now have a higher financial burden and lower welfare (well-being) than when they were uninsured.
In June, we presented national data from one of the first attempts to measure the size of provider networks in plans sold on the health
insurance marketplaces. We used simple “T-shirt” sizes to categorize networks in a way that could help consumers quickly grasp the
choices they were making. In this Data Brief, we present network sizes summarized up to the level of the state and the rating area.
This analysis should help regulators and consumers assess and understand the trade-off between premiums and network size as we
enter the next open enrollment period.
In June, we described the first attempt to measure, in a consumer-friendly way, the breadth of physician networks offered by all silver plans on the 2014 health insurance marketplaces. We estimated network size based on the fraction of office-based physicians participating in the network within relevant rating areas in the state. We categorized networks using "T-shirt" sizes: x-small (less than 10%), small (10%-25%), medium (25%-40%), large (40%-60%), and x-large (more than 60%). We found that nationally, 41% of all networks were either “small” or “x-small”.
In the beginning (Web Site 1.0), we measured the success of health insurance marketplace sites by whether they worked. Last year (Web Site 2.0), technical glitches were resolved, and we can start to measure success by whether the sites help people make the best decisions in choosing a health plan.
cross-posted with US News
Health insurers are merging everywhere you turn in the newly reformed and more heavily regulated health insurance system. Anthem announced last week it will buy insurance giant Cigna for over $54 billion, acquiring more than 53 million new patients. And Aetna, earlier this month, announced its agreement to buy Humana, the nation’s fifth-largest health insurer.
cross-posted with the Field Clinic
In recent weeks, two sets of already huge health insurers—Aetna and Humana, Cigna and Anthem—have announced plans to combine. And more mergers may be in the works. Should the rest of us fear being trampled when these behemoths connect? The answer to that question, as with almost all questions in health economics, is “it all depends.”
Effects of the ACA’s 3Rs (Reinsurance, Risk Adjustment, and Risk Corridors) on the Bottom Line (Part II)
Yesterday, I looked at the aggregate effects of some of the ACA’s premium stabilization programs (reinsurance, risk adjustment, and risk corridors, the 3Rs). Today, I illustrate the potential effects of the 3Rs on insurers’ reported revenues, costs, and underwriting profits (losses).
Effects of the ACA’s 3Rs (Reinsurance, Risk Adjustment, and Risk Corridors) on the Bottom Line (Part I)
We now have better information on how the “3Rs”—the ACA’s mechanisms designed to help stabilize premiums and protect insurers against large losses in the first years of health care reform—affected insurers’ bottom lines in 2014. In this first of two posts, I review the information reported by CMS for two of the 3Rs: reinsurance and risk adjustment.