New Report Spotlights Medicare Lessons for Stabilizing Affordable Care Act Marketplaces
A report released this week by the Georgetown University Center on Health Insurance Reforms (CHIR) reviews strategies to stabilize the Affordable Care Act health insurance Marketplaces, drawing on lessons learned from Medicare. Through the Marketplaces, millions of Americans—who would otherwise lack coverage altogether—now have health insurance made available through private plans subsidized by the federal government. While some insurers are succeeding in the Marketplace and expanding their reach, others are experiencing losses, leading to withdrawals from the market and premiums hikes. This instability is causing some to question the long-term sustainability of the Marketplaces.