Survey shows that executives are torn on the issue of the Affordable Care Act
Connecture, a provider of sales automation technology for the health insurance industry, has released the results of a new survey that was conducted during the America’s Health Insurance Plans Institute 2012 conference held late last week. The results provide some insight on the opinions held by executives in the health insurance industry concerning the Affordable Care Act. The health care law has, since 2010, been a point of contention in the industry, causing a degree of division amongst insurers.
Supreme Court decision still in limbo
The U.S. Supreme Court is currently deliberating the fate of the Affordable Care Act. Though the Court is expected to issue a judgment on the law this week, the uncertain fate of health care reform has caused a great deal of strife for the insurance industry. Many insurers have shown favor for the provisions of the Affordable Care Act, such as the establishment of state-run health insurance exchanges, while others have shown resistance to the law as a whole.
Survey shows that health insurance industry is expected to look very different in the next five years
The survey shows that 56% of insurance executives expect to see health insurance sold exclusive through exchanges within the next five years. A third of these executives believe that states will fail to establish their own exchange programs, thus opening the way for the federal government to take charge. They survey also shows that 61% of insurance executives believe that small businesses will stop offering health insurance coverage to employees five years from now. Approximately half of the respondents to the survey claim that unhealthy living habits are the reason behind rising health care costs.
Survey could shed some light on the health insurance industry
The Affordable Care Act has been a controversial issue in the U.S. for the past two years. The law has brought many changes to the health insurance industry, some of which have been more welcome than others. Connecture believes that its survey will provide some insight on how the health insurance industry perceives the law and its potential effects.