Last week Governor Hickenlooper’s office announced the members of the Colorado Health Benefits Exchange Board.
Paul Howard and Stephen T. Parente write why such exchanges are built to fail:
The House of Representatives voted last month to repeal funding for the state health-insurance exchanges, which are required under President Barack Obama’s Patient Protection and Affordable Care Act. …
The argument for insurance exchanges is relatively simple. By setting up Web sites where consumers and small businesses can easily compare insurance options (including quality, price and coverage), states will spark, driving insurers to offer more affordable plans to consumers.
The health law, however, takes this simple idea and makes it extraordinarily complicated – if not impossible — to execute. By adding a litany of new minimum-insurance requirements and regulations to the original bipartisan idea, health insurance purchased through an exchange will likely end up more expensive than it is now.
Read the whole article: Built To Fail: Health Insurance Exchanges Under The Affordable Care Act – Kaiser Health News.