As HIX Deadline Looms, States and Feds Scramble
"The administration will be reluctant to delay because so much work has gone into this and they're in a sense it wouldn't be fair to the insurance companies that have been working hard to compete on the exchanges and it wouldn't be fair to the states that have moved ahead putting everything in place. But that idea is going to be floated," she says.
The exchanges are supposed to generate about $55 billion in premiums in 2014, with most of that money coming from federal subsidies to help consumers offset costs.
"In that first year nine of 10 people shopping on the exchange will be shopping with a subsidy and that is revenue for insurance companies," Connolly says. "Also it's important money for providers because hospitals and large health systems that have big uncompensated care burdens want to transition those patients into coverage. So while there will be voices in support of delay there will be a number of voices on the other side."
John Commins is a senior editor with HealthLeaders Media.
- CEO Exchange: Preparing for Population Health
- Interventional Radiology No Longer a Sub-Specialty
- Advocate, NorthShore Deal Would Create 16-Hospital System
- Top Reason for Nurse Turnover: Managers
- CEO Exchange: Pressure is On to Partner, Drive Quality
- House OKs Cassidy's 'keep your plan' bill
- Power of price: In South FL and the nation, healthcare costs often are shrouded in secrecy
- Two NY hospitals to offer free hip and knee replacement surgeries for qualifying patients in December
- 3 Strategies for Retaining Millennial Employees
- How MA plans to re-enroll 450,000 residents in health insurance