With less than a year remaining before much of President Obama’s health care reform law goes into effect, the New York Times looks at how health insurance companies are preparing for the new regulations on their industry.
Insurers will have to offer a policy to anyone who wants one, regardless of their health, and will not be allowed to charge more in premiums to people with expensive medical conditions.
The new health care law also promises an expansion of Medicaid… Insurers, however, see the change as an opportunity for growth, especially since so many low-income people will move back and forth between the exchanges and Medicaid to find coverage.
Even the way insurers offer plans to people covered by their employer is expected to change, as some companies look to private exchanges, where they may contribute a fixed amount toward the policy but let the worker choose the plan and even the insurer.
More from the New York Times here.