Health and Medical News and Resources

General interest items edited by Janice Flahiff

Affordable Care Act gives consumers new tools, makes health insurance market more transparent

From a news item by the US Department of Health and Human Services (HHS)

The U.S. Department of Health and Human Services (HHS) today announced that new information and tools have been added to HHS’ consumer website www.HealthCare.gov that will make the health insurance market more transparent, increase competition and help lower costs for individuals.

For the first time ever, price estimates for private insurance policies are available, allowing consumers to easily compare health insurance plans – putting consumers, not their insurance companies, in charge by providing one-stop shopping and taking the guesswork and confusion out of buying insurance.

To help consumers make more informed choices, the site includes new information including two notable metrics never before made public:

  • Insurance providers are required to provide the percentage of people who applied for insurance and were denied coverage.
  • Insurance companies are required to provide the percentage of applicants who were charged higher premiums because of their health status.

[snip]

….starting October 1, 2010, consumers will also be able to find information about health insurance options such as:

  • Monthly premium estimates;
  • Cost-sharing information, including annual deductibles and out-of-pocket limits;
  • Major categories of services covered;
  • Consumer’s share of cost for these services;
  • Percent of people in the plan who pay more than the base premium estimate due to their health status; and
  • Percent of people denied coverage from a health plan;

[snip]

For more information, visit our Facebook page at Facebook.com/HealthCare.gov, or the @HealthCareGov Twitter account.

October 6, 2010 - Posted by | Health News Items

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