By: Alan Schulman, 3/30/15
Established by the Affordable Care Act, the Healthcare.gov exchange and its 14 state-run counterparts have enrolled more than 11 million people — 800,000 of whom were sent incorrect tax information, the Obama administration admitted last month.
Unfortunately, the exchanges have serious issues beyond simple paperwork errors. Exchanges are insufficiently transparent about key coverage details. As a result, shoppers often struggle to find plans that minimize their health care costs and deliver needed benefits. Many are unwittingly purchasing plans that don't meet their needs.
Regulators should step in and beef up transparency requirements for exchange-based plans. Increased transparency will allow the ACA to meet its full potential and provide patients with affordable, quality health insurance. Read more >>