Small Business Insurance Options for Health Insurance Provisions Delayed–It’s the IT Infrastructure Of Course But Ho
Posted Apr 01 2013 9:35pm
We have all been watching how this is evolving and it is one massive project for sure with setting up both business and individual exchanges. There’s been others besides myself who have also questioned meeting the deadlines and as I keep saying “the short order code kitchen burned down a few years ago and there was no fire sale”. There’s a lot of data and aggregation that has to go into this and as it read now there will be one choice for small businesses. Small business gets it again in the shorts because in this instance it depends on the data systems and IT infrastructures of the big companies who are going to provide insurance policies. Besides that many of the private insurers are busy setting up their own exchanges. Everyone wants to be an exchange.
Well when they roll out it will be interesting to see what shape they are in and hopefully flaws will not be too numerous but they will be there as this is pretty much moving at rocket speed and we all know what that means with data work as perhaps things are not as tested as thorough as they should be. Again the fact that the House worries that there won’t be enough competition is kind if funny as you can’t put the information out there unless it’s ready, formatted and without loss of data integrity. Oh where’s that digital literacy when you need it:) The House worries higher premiums will result, but what about all the money insurers spend buying your consumer data and querying to see if you are buying clothes a size larger…that too results in higher premiums as the money has to come from somewhere to pay for all that. I’m sure premium money goes to help support their data addictions. I know analytics are needed but how far will they do and what human ethics will they violate in the process is the question.
Goodness if one tried to explain the data details on some of this I don’t a lot of them would understand as we do live in a very complex world out there, created by banks and corporate USA. I am so tired of seeing the government getting their fannies kicked and would really like to see some technologists in some future cabinet positions. That’s not a cure all but it would open up a whole new line of thinking with folks that know data. BD
The Obama administration plans to delay a piece of the federal health law designed to help small businesses shop for insurance policies, citing the need for additional time to prepare.
The Small Business Health Options Program, or SHOP, is supposed to provide small employers with an insurance marketplace, or exchange, that offers multiple plan options starting in 2014. But the Department of Health and Human Services has proposed that for the first year, businesses that use the 33 state exchanges run fully or in part by the U.S. will be able to offer only one plan to their workers, rather than pick from a range of options.
The Republican-controlled House Small Business Committee last week issued a formal request for more information on what caused the delay, with a deadline of April 22 for a response. Committee spokesman Darrell Jordan said the delay "will lead to less competition, which could lead to higher premiums" for small businesses.