Posts Tagged - ‘health care industry’

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Surprise: Health Insurance Reform Includes Job Training

Friday, May 7th, 2010

Image: NIOSH under CC 3.0

Two of the most important issues in the Obama administration are healthcare reform and the economy. As it turns out, the affordable health insurance reform law has measures to deal with the latter as well.

Part of the reason health insurance plans are so expensive is the shortage of providers. Meanwhile, millions of Americans–many of whom are Baby Boomers–are still out of work. That may be why the legislation includes funding for mid-career job training in the health industry. They will be able to provide many basic services at a lower cost.

In addition, it will reduce the possibility of the worst-case scenario of long waiting lists.

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Are Health Insurance Company Mergers Good Or Bad?

Thursday, April 29th, 2010

Image: TheTruthAbout… under CC 3.0

Corporate mergers are a fact of life. In recent years, more of them have occurred in the health insurance industry. The healthcare reform law may end up forcing more of them to merge or go out of business.

How do these mergers affect consumers? On the positive side, they allow firms to band together and negotiate lower rates from providers due to their combined policyholder base. However, they decrease the amount of competition and the choices of affordable health insurance available.

The latter is especially dangerous when the major health insurance plan providers in a state merge, leaving residents with few options. Antitrust law could be used to challenge the mergers, but it rarely has been. There are ups and downs, besides.

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