October 20, 2013 |
The new federally run health insurance exchanges have stumbled badly in trying to sign up customers online, stymied by both design flaws and inept execution. If the website's problems aren't solved soon, they could inflict a greater toll on the Affordable Care Act than the law's opponents have. There's some consolation in the fact that shoppers can sign up over the phone or in person, and that they can enroll as late as mid-December and still have coverage on Jan. 1. But the failures are mind-boggling and inexcusable, especially considering how much time the government had to prepare.
October 4, 2013 |
My colleague Chad Terhune in The Times' Business section has been faithfully cataloging the hiccups, glitches and failures experienced by the state's new health insurance exchange, Covered California, in its opening days. On Friday he laid out the most serious of the shortcomings reported so far: The health plans don't yet provide an online list of the doctors and hospitals participating in their networks. This is a crucial issue, as faithful Terhune readers know, because some insurers are including fewer doctors and hospitals in their Covered California offerings in order to cut costs.
February 8, 2012
The 2010 healthcare reform law gave states until Jan. 1, 2014, to create "exchanges" in which individuals and small businesses could shop for insurance policies. If the states don't, the federal government will operate exchanges for them. The requirement poses a quandary for lawmakers who oppose the federal law: Should they start working on an exchange, or count on the law being repealed by the Supreme Court or by a new Republican-controlled Congress and White House in 2013? The answer is that each state should set up an exchange regardless of how its lawmakers feel about "Obamacare," because it would help ameliorate the very real problems consumers face in the health insurance market.
January 4, 2013 |
WASHINGTON - The Obama administration has cleared what could be the final group of states to open their own health insurance exchanges this fall, advancing a key goal of the 2010 healthcare law to provide Americans with new options to shop for coverage. The conditional approvals announced for California, Hawaii, Idaho, Nevada, New Mexico, Vermont and Utah mean 17 states and the District of Columbia are on track to operate their own insurance exchanges this year. Exchanges in the remaining states will be run by the federal government or by state-federal partnerships.
October 30, 2012 |
Stock and options exchanges are losing $1 million in transaction fees each day they are closed because of Hurricane Sandy , according to an industry analyst's estimate. Richard Repetto, a principal at Sandler O'Neill, said the giant storm would likely cost NYSE Euronext, Nasdaq OMX Group and the Chicago Board Options Exchange $1 million in net trading revenues each day they are closed. But the closures of the exchanges Monday and Tuesday would likely cost a loss of a penny or less of earnings-per-share for the public companies that operate the exchanges, Repetto said in a note.
April 3, 2014 |
Pressed by Republican House members, directors of troubled state insurance exchanges said Thursday that they could fix continuing Obamacare glitches with grant money they have already received and would not ask for federal bailouts. Members of the House Government & Oversight Reform committee sought to turn their attention to the technical glitches after a week of celebration for the White House, which surpassed its goal of signing up more than 7 million under the new healthcare law. Witnesses called to Capitol Hill included the current and interim heads of the exchanges in Hawaii, Maryland, Massachusetts, Minnesota and Oregon - which have all had varying degrees of problems . (As a counterpoint, Peter Lee, the executive director of Covered California, touted the successes of California's exchange , which has enrolled some 1.2 million people - more than any other state in the country.)