The difference between your version and the prior version is just a bunch of zeros. They are worthless in Obama calculations. That's why spending trillions but pretending it's just billions is acceptable. What's a few extra zeros anyway?
Illinois's ABE Exchange-Marketplace
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The difference between your version and the prior version is just a bunch of zeros. They are worthless in Obama calculations. That's why spending trillions but pretending it's just billions is acceptable. What's a few extra zeros anyway?
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Thanks for the correction, YAgents. My Obama Solar calculator stops working if the light over my desk isn't bright enough. Anyway, in Illinois an extra $400,000 to the Department of Insurance is significant. They laid off all but 2 people in the Professional Licensing division. Music-on-hold for 45 minutes last week for our GA, calling in to fix a screw-up.
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Illinois picked the name "ABE" for the Exchange a couple months ago. Six insurers presented their Exchange plans to the state on April 30th. Now, Illinois is starting the process to fund and build it. Seems a little backwards, but this is Illinois. I wonder how those 6 insurers feel about having to fund the (probably low) estimated $60 - $90 million annual operating cost? Naturally, this was not something that could be divulged to insurers before they applied for ABE membership.
Excerpt from: IllinoisHealthMatters.org Blog: Illinois Senate Takes First Major Step To Passing A State Based Health Insurance Marketplace
"In this bill, financing of the health insurance exchange under is through assessments of the insurers, as it should be. The insurance industry will benefit from the tax dollars used to create the infrastructure of the how the exchange is set up. It is only appropriate that they finance the day to day operations of the insurance health marketplace when an estimated one million new insurance customers will be purchasing private health insurance."
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Excerpt from: IllinoisHealthMatters.org Blog: Illinois Senate Takes First Major Step To Passing A State Based Health Insurance Marketplace
"In this bill, financing of the health insurance exchange under is through assessments of the insurers, as it should be. The insurance industry will benefit from the tax dollars used to create the infrastructure of the how the exchange is set up. It is only appropriate that they finance the day to day operations of the insurance health marketplace when an estimated one million new insurance customers will be purchasing private health insurance."
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Wait, so are you telling me that the money that came from the Feds isn't going toward what it was designed?
And also, does this mean that we're JUST NOW starting work on the software system?
And also, does this mean that we're JUST NOW starting work on the software system?
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The ABE Marketplace is launching a state-wide campaign in 3 weeks to "get the word out" about ObamaCare.
Illinois health exchange to launch marketing campaign
"In July Illinois will launch a marketing campaign for the state’s new Health Insurance Marketplace – and it’s needed. The Health Insurance Marketplace opening Oct. 1, 2013, will offer health care coverage to most uninsured Illinois residents. They will be able to enroll online and choose from hundreds of health insurance plans to find one that best fits their needs. But how they are going to do that is in question. According to the Kaiser Family poll, nearly six in 10 U.S. residents say they don’t have enough information to understand how the Affordable Care Act will affect them."
In Illinois, 9 out of every 10 residents aren't even remotely aware of how the ACA will affect them. It's now June, just 4 months before the ABE Exchange goes online. We don't know which companies are participating and have NO IDEA what the premiums are going to be.
Blue Cross is going to be the lead player, but they're not giving agents ANY hints at what to expect for our current policyholders. It's extra frustrating now that the IL Dept of Insurance has forbid all companies from renewing existing plans in December 2013 for an additional year, in order to avoid socking clients with the big 2014 Obamacare premium increase.
Illinois health exchange to launch marketing campaign
"In July Illinois will launch a marketing campaign for the state’s new Health Insurance Marketplace – and it’s needed. The Health Insurance Marketplace opening Oct. 1, 2013, will offer health care coverage to most uninsured Illinois residents. They will be able to enroll online and choose from hundreds of health insurance plans to find one that best fits their needs. But how they are going to do that is in question. According to the Kaiser Family poll, nearly six in 10 U.S. residents say they don’t have enough information to understand how the Affordable Care Act will affect them."
In Illinois, 9 out of every 10 residents aren't even remotely aware of how the ACA will affect them. It's now June, just 4 months before the ABE Exchange goes online. We don't know which companies are participating and have NO IDEA what the premiums are going to be.
Blue Cross is going to be the lead player, but they're not giving agents ANY hints at what to expect for our current policyholders. It's extra frustrating now that the IL Dept of Insurance has forbid all companies from renewing existing plans in December 2013 for an additional year, in order to avoid socking clients with the big 2014 Obamacare premium increase.
If you notice a common thread, the states that are releasing are mostly state run exchanges (CA, OR, WA, MD, CO, CT, DC, RI). The FFE states are relying upon HHS who haven't made carrier decisions yet. FFE states are "passive" purchaser states, meaning carriers won't be cut out due to high prices. Come one, come all. The FL exchange carriers were leaked because someone did research through some state run database website showing who submitted an application, not approved.
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Slap me a round a bit if too elementary, but in regards to cariers signing on in FFE states either exclusive or partnerships, will all FFE players offer plans in all FFE states? For instance, Aetna doesn't offer IFP in Iowa, but if Aetna were to be on the FFE exchange, would they then automatically be available here? I am confused because of the administrative nightmare that would cause insurers that would need to break into a state with no existing network, state approval to operate etc in a short amount of time.
No. Carriers can pick which FFE states they want to participate in. But, since the process for applying in an FFE state is the same/similar as any other FFE state, it makes everything easier. Compared to trying to enter a state based exchange, which would require a whole new set of hoops and rules and bureaucracy to learn.
