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Thursday April 24th 2014

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Health Exchange Needs Participation to Succeed

PSA perfect storm could hit California’s new health care exchange if people don’t opt in, starting this year. That’s according to a panel of health care experts. Under the Affordable Care Act, individuals and small businesses can start enrolling in the Covered California health care exchange Oct. 1. The primary concern is what could happen if not enough Californians, especially younger healthy people, sign up for the exchange. That would be a worst-case scenario and push costs out of whack. Rates will likely not flatten out if adequate numbers of young and healthy people do not enroll. By cutting employer-sponsored coverage small-business owners may push workers into the exchange, but that won’t necessarily be a bad thing; employers could turn around and give raises to their staff with the cost saving according to a recent report in the Sacramento Business Journal.