Washington may have given Dallas group health insurance costs an affordable alternative. Groups may now be able to purchase through associations across state lines and individuals may now purchase temporary health insurance plans. This is a huge change to Obamacare.
Health insurance in Dallas may have just become more affordable. Another executive order was signed today that is targeted to bring the cost of health care down for millions of Americans.
The order, which is not a law, develops practices that will expand competition by increasing the type of policies that can be sold. This executive order could destabilize the markets by siphoning out younger and healthier Americans from the exchanges. Younger males may be attracted to low cost plans not offering maternity; while young adult females may choose the opposite, with plans offering maternity. These Dallas health insurance plans offering maternity would cost more.
The order, the President said, would give “millions of Americans with Obamacare, relief.” It would “cost the United States government virtually nothing and people will have great health care. And when I say people, I mean by the millions and millions.”
The President said the measures “should have been done a long time ago, and could have been done a long time ago.”
In addition, Dallas group health insurance could also take a change. The administration is directing the Department of Labor to make it easier for small businesses and individuals to form nationwide association health plans. On paper this idea sounds good, but for insurance companies this could be a challenge. Based on health carrier contracts using network purchasing power, which is a regional transaction, this could have catastrophic pricing effects in the health insurance marketplace. In certain regions, networks would not have the same negotiation purchasing power as they do in its current region. This would increase prices for those insured across state lines, which would have the opposite effect of what the executive order is trying to achieve.
At the same time, the order would allow consumers to purchase short-term policies, which do not cover pre-existing conditions and do not guarantee issuance when the policy term expires. This puts people believing they are saving money by purchasing a short-term policy in a compromising position if they have a serious illness and the policy expires. Renewal on these policies would not be possible, and the individual would go without healthcare until the next open enrollment at the end of the year.
All these issues must be worked out to remove confusion from Open Enrollment 2018 which starts November 1st. This year, open enrollment is only 45 days, which is half of what it usually is. Let’s see how Congress in the coming months is-able-to balance healthcare benefits with cost of healthcare.
Insurance4Dallas, (I4D), helps insure all of Texas, Oklahoma, Arkansas, Arizona, Louisiana, New Mexico, Alabama, Virginia and Florida. Insurance4Dallas provides consumers with detailed information on health insurance with the ability to purchase health insurance online. Insurance4Dallas provides a full spectrum of health, dental, vision, life and ancillary insurance products, providing a diverse selection of price and benefit options complemented by personal customer service. Available via phone, email or fax, Insurance4Dallas answers consumer questions throughout the purchasing process and during the utilization of its health insurance policies.