Monday, March 11, 2013

Fewer Than 2 Percent Of Existing Health Plans Meet Health Insurance Coverage Standards of Obama's Healthcare Law

Posted by Milton Recht:

From HealthPocket, "Almost No Existing Health Plans Meet New ACA Essential Health Benefit Standards: Maternity & Pediatric Care Especially Lacking from Existing Plans"
Our research took the Affordable Care Act’s Essential Health Benefits as our starting point. The Essential Health Benefits are the minimum categories of health insurance coverage that every qualified health plan must have starting January 1, 2014. HealthPocket then examined 11,100 individual health plans across the United States to see how many plans had coverage in each of the Essential Health Benefit categories.

The data shows that there will be a near complete transformation of the individual and family health insurance market starting in 2014. Less than 2% of the existing health plans in the individual market today provide all the Essential Health Benefits required under the Affordable Care Act (ACA).

Essential Health Benefits Coverage in Existing Health Insurance Plans

Source: HealthPocket

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