Legal News

Insurers Have Chance to Grow with Health Overhaul
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Health care consultant PwC released a report on Tuesday that found 12 million people will use coverage from exchanges in 2014 while paying 455 billion in premiums for the coverage. The exchanges will take place online and will be done in virtual marketplaces where consumers can shop for the necessary coverage needed. By 2021, PwC’s report says that the number of people could increase to 29 million and the premium payments could reach $205 billion.

The report said that the majority of the money will be new money but some of it will come from premiums that are transferred from other areas of the insurance market. The numbers also hinge on the number of states deciding to expand Medicaid coverage, which is required by the health care overhaul.

  
What
Where


“These are the people who’ve been crowded out of the insurance market through the relentless drive to increase premium and pass along higher cost of health care to the consumer,” Sheryl Skolnick said. Skolnick is a CRT Capital group analyst.

Health insurers will be taxed in the overhaul and it will also restrict how the insurers are permitted to set their coverage. The overhaul will also provide “the last great frontier for health plans to add membership,” according to Skolnick.

“All the bad news (from the law) is pretty obvious, but the good news isn’t, and until it is, it’s not going to be fully reflected in the stock market,” she said.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

General Municipal Law Attorney with land use experience

USA-CA-Oakland

Oakland office of our client seeks general municipal law attorney with experience advising public ag...

Apply Now

Senior Land Use Attorney with experience

USA-CA-San Francisco

San Francisco office of our client seeks senior land use attorney with 7+ years of experience. The c...

Apply Now

Immigration Attorney with portable business

USA-VA-McLean

McLean office is seeking an immigration attorney with $500,000+ in portable business.

Apply Now

Litigation Attorney with 5-7 years of civil tort experience

USA-TX-Dallas

Dallas office of our client seeks litigation attorney with 5-7 years of civil tort experience, inclu...

Apply Now

RELEVANT JOBS

Employment Law Attorney

USA-CA-Sacramento

Are you looking for a casual law firm environment, with varied assignments and lots of opportunities...

Apply now

Legal Assistant

USA-PA-Morrisville

LEGAL ASSISTANT - F/T for solo practitioner in Yardley. Responsible, detail oriented w/excellent com...

Apply now

Associate Attorney

USA-VA-Fairfax

Associate Attorney for Family Law practice Small Family Law Firm looking for enthusiasti...

Apply now

Associate Attorney

USA-ND-Mott

Compensation: $36,000 to $48,000 Annually Benefits Offered: Medical Employment Type: Full-Time...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top