Several reforms have been implemented to address issues in the small-group insurance market. Describe two main...

Several reforms have been implemented to address issues in the small-group insurance market. Describe two main issues in this market.

Solutions

Expert Solution

Two reforms and problems of the small group insurance market because of these reforms :

1. Under the Affordable Care Act (ACA), the definition of small group insurance industries has been expanded from 'those with less than 50 eomployees' to 'those with less that 100 employees' (since 2016). However, restrictive rating rules on the 50-99 employees bracket may increase the premium in the insurance market for certain groups. Another problem faced by the the 50-99 employees bracket is that they will be exposed to the shared-responsibility penalties under the new rules which again could lead to increased premiums due to higher liability.

2. Merging the individual and small group markets. This reform would genereally imply a lower premium for the individuals and a higher one for the small group industry. This will lead to decrease in net benefit for the small group industries and it is speculated that certain firms might opt out of insurance at high premiums and compel their workers to opt for personal insurance.

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

Describe a small group situation that you have been a part of that experienced communication failures....

Describe a small group situation that you have been a part of that experienced communication failures. Think critically about the experience. What was it that went wrong? How do you know? If you thought critically about the failure in the moment, could you have done something different to change the outcome? If so what could you have done differently? If not, why not? Could thinking critically about your communication and being more deliberate from the start of a project help...

Describe a small group situation that you have been a partof that experienced communication failures. Think...

Describe a small group situation that you have been a partof that experienced communication failures. Think critically about the experience. What was it that went wrong? How do you know? If you had thought critically about the failure in the moment, could you have done something different to change the outcome? If so what could you have done differently? If not, why not? Could thinking critically about your communication and being more deliberate from the start of a project help...

Market reforms have long been advocated by such Bretton Woods institutions as the International Monetary Fund...

Market reforms have long been advocated by such Bretton Woods institutions as the International Monetary Fund and the World Bank. In light of this, how would you explain the widespread adoption of market reforms in the guise of a “Washington Consensus” in the late 1980s? What is the Washington Consensus and why did so many countries in the region turn to the market at this particular point in time?

You have been asked by your local elementary school principal to address a group of parents...

You have been asked by your local elementary school principal to address a group of parents about the problem of obesity. Among the topics you have been asked to talk about are good nutrition, exercise, and lifestyle changes. Since all your parents are adult, list five principles of adult learning and describe how you would incorporate them into your teaching plan?

You have been asked by your local elementary school principal to address a group of parents...

You have been asked by your local elementary school principal to address a group of parents about the problem of obesity. Among the topics you have been asked to talk about are good nutrition, exercise, and lifestyle changes. Since all of your parents are adults, list five principles of adult learning, and describe how you would incorporate them into your teaching plan.

Describe and discuss two (02) market institution issues of chile

. Have you been a member of a group in which there was conflict? Describe the...

. Have you been a member of a group in which there was conflict? Describe the group, what occurred, your role in the situation, and the resolution, how did you feel about the experience, could something have been done to prevent the conflict, were you satisfied with the resolution. If not, what could have been done to reach a better resolution.

Describe how the two-group pretest/posttest design with random assignment might be implemented to determine if people...

Describe how the two-group pretest/posttest design with random assignment might be implemented to determine if people learn from a diabetes education course.

Identify two or three programs that have been in place to address the health concern or...

Identify two or three programs that have been in place to address the health concern or issue. Explain whether these have been effective. Explain how you know this and identify any gaps in the data if present. Identify a policy, if it exists, that aims to address the health concern or issue. Describe the impact of this policy. Explain whether it should be changed and why.

You have been asked to brief a group of senior policy officials and insurance and financial...

You have been asked to brief a group of senior policy officials and insurance and financial executives on policy solutions to improve consumer savings practices. With three behavioral economics courses under your belt, you are the resident expert on the issue. What policy recommendations will you offer to incent citizens to save more for retirement? What policies would you recommend leadership avoid? Should different policies be implemented by the state versus private actors? If so, which and how?

Subjects