Employer Healthcare Strategies


The Health Insurance Industry's Identity Crisis

Posted by Carah Counts on March 8, 2016

The Health Insurance Industry's Identity Crisis | Carah Counts | HR Insights blog by CareATC, Inc.Changes in American political and social cultures have been tough for the healthcare insurance industry.

The passage of the ACA marked a change in public opinion: denying insurance coverage on the basis of pre-existing conditions, or charging the sick more money, were now unacceptable.

The insurance industry wanted to be on the right side of history, but the internal transitions needed to achieve near-universal coverage have been demanding.

As employer healthcare coverage transforms, and as some major hospitals start offering independent health plans, the traditional insurance industry has an identity crisis on its hands.

Many providers are pursusing new technology revenue streams, while others are downgrading core operations as many business health plans become self funded. The transitional issues run deeper than what can be explained here, but suffice it to say, today marks a time of great change for traditional insurers.

Read full article at Modern Healthcare.

Photo credit: King.... via Foter / CC BY
Carah Counts

About The Author

Carah Counts

Carah is a Product Manager here at CareATC. When she's not busy working on our product strategy and roadmap, she dabbles in the occasional creative project or blog post.

Post Topics Healthcare Industry News