HHS has announced the delay of the SHOP exchange, the portion of the exchange that is for Small Businesses to choose a multi-option plan. It won't be ready by 2014, but they predict it will be ready by 2015. The SHOP exchange was weak to begin with, but without the multi-plan option, it's a non-starter.
Sensing any desperation over the advancing deadline, guys?
HHS postpones SHOP choice requirement | LifeHealthPro
Sensing any desperation over the advancing deadline, guys?
HHS postpones SHOP choice requirement | LifeHealthPro
This delay will undoubtedly disappoint those who have seen employee choice as the primary benefit of the SHOP exchange. It also leaves unclear what advantage the SHOP exchange offers employers over the outside small-group market. Employers who qualify for the small-employer premium tax credit will still be able to qualify only through the exchange, but other employers are likely to find the SHOP exchange largely indistinguishable from the outside market. Looking at the Herculean tasks that the federal and state governments face in implementing the exchanges by 2014, however, HHS concluded that working out employee choice and premium aggregation were tasks that could wait another year.
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