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The numbers are out, the results are not entirely unexpected – Americans feel that buying health insurance from private healthcare exchanges is much wiser than using government exchanges. And we all know who is to be blamed here – the supremely unstable, unfinished Obama health insurance marketplace. Interestingly, the opposition to government’s control over national healthcare is unprecedented. According to data released in 2006, Americans did not show much faith in private healthcare systems, and felt that health insurance would be better in the hands of government. This opinion was at a record high in this period, with a majority of the nation unanimously agreeing that healthcare is government’s responsibility. Since 2007, this percentage has been falling, and more and more Americans have started feeling that a private health care exchange is a better solution to the needs of the nation. With nearly 60% of the nation in favor of a privately operated health insurance domain, let’s take a look at the reasons that have swayed popular opinion between 2006 and 2013. 1) Obamacare Failure – While it would be premature to comment on the success or failure of Obamacare, one thing is clear – Americans did not get what they were expecting out of the health reform. According to initial reports, the federal marketplace has not been able to enroll people as projected, and it will still take a lot of time to fix all the errors. In contrast, the private health insurance exchanges are performing perfectly well, especially when you don’t count the direct enrollment subsidy feature, which is actually dependent on the federal machinery. 2) Dropping Popularity of Obama Administration – Although the drop in Obama administration’s popularity is closely linked to a failed health reform, there are several other instances that show a lack of foresight, poor implementation of highly ambitious plans, and disregard for popular opinion. A strong example that combines all the above reasons is the delay in the implementation of direct enrollment feature that allows private health care exchanges to calculate subsidies through the private insurer’s site, thereby lifting the load off government and giving a smooth experience to customers. 3) Ignoring Private Exchanges’ Health Care Offerings – The Obama administration has hogged all the limelight, leaving no room for well performing private healthcare exchanges. The only problem with these private exchanges is that they cannot issue subsidies and have to rely on the government for qualifying enrollees for subsidies. For people who are not eligible for subsidies any way, these exchanges are way better. With superior performance, popular opinion, and a perfect alternative for people who do not qualify for subsidies any way, these private health insurance exchanges work out to be a better option than the federal marketplace. In the next couple of weeks, as the authorities strive to deliver a fully functional direct enrollment alternative for calculating subsidies through private players, these private healthcare exchanges will gain another competitive advantage, putting the last nail in the coffin for government marketplaces. Author is a well known authority on private health insurance exchanges in the US. She is currently looking to expand her expertise in private health insurance exchanges domain.
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Private exchange, Private health care exchange, Private benefits exchange, private health insurance exchanges,
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