Subject:::Health Insurance Exchanges: The Goal is to Simplify Health Insurance and Make it Affordable, but We'll Wait and See - TMCnet's Insurance Technology eNews Insurance & Technology eNewsletter
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January 28, 2013

Insurance Technology - Health Insurance Exchanges: The Goal is to Simplify Health Insurance and Make it Affordable, but We'll Wait and See

Health insurance is one of the biggest disputes in American politics, and no matter what side of the issue you stand on, we all agree something has to be done.

We spend 17.6 percent of the GDP on healthcare, which comes out to around $8,233 per year for each citizen. That’s the highest healthcare expenditure of all the developed countries. At almost $3 trillion, it is an outrageous sum that has to be brought down to a manageable size so the average person and business can afford medical care without going bankrupt.

The health insurance exchange being implemented under the Obama healthcare reform is designed to make insurance affordable and easy to purchase. The plan will be rolled out in October 1, 2013, and with only 10 months to D-Day, the question is: Will the nearly 49 million uninsured Americans finally be able to get affordable health insurance, and how will it affect those who are currently insured... Read More

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