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Time to Try New Approach to Health Insurance

Regardless of which presidential candidate wins in the next week, changes will be coming to Obamacare. The profile of healthcare always rises this time of year as open enrollment beings on the federal exchange, but it’s increased even more during this heated election year.

It’s clear that something needs to be done, as respected accountable care organizations (ACOs) drop out of the CMS program, costs continue to increase and nearly 20% of those eligible for Obamacare live in areas where there is only a single insurer on the exchange.

I don’t think that incremental changes will stem the tide of defections. There needs to be bold action if the exchanges under the Affordable Care Act (ACA) are to continue.

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