The Impact of Health Reform Industry
Released on: July 22, 2010, 5:35 am
Miami, FL - The HealthInsuranceFinders.com News Center
reported that under the rules and stipulations outlined in the new
health reform law, the U.S. Department of Health and Human Services
(HHS) will be tasked with not only revamping current health coverage
policies and procedures, but also restricting costs for health plans
and ensuring that health insurance for individuals as well as for
families is easily attainable. As our lawmakers begin this overwhelming
task of streamlining health plans, it is critical for them to keep in
mind the overall impact their actions will have on the health industry,
children and e-health and patient care.
Health Reform Industry Impact
With all the changes and red tape surrounding the new laws, one might wonder if the
pharmaceutical and medical technology industries will be affected during the
transition. In the early 90's, the pharmaceutical industry displayed some stiff
resistance to restructuring and reforming America's health plans and health
insurance for individuals. However, in modern times, the sector has embraced and
even encouraged the widespread reshaping of health coverage in this country. While
motivating these changes, the industry also exercised a little self-preservation by
outlining the terms of a deal for protection during the reform.
The medical technologies sector will experience a hybrid of new opportunities as
well as never before experienced difficulties throughout the revamping of the
current policies. In order for future medical progress to remain current and
relevant, new payment methods and procedures must be implemented to streamline the
Children and Insurance Coverage
Results from recent studies really solidify the need for policy restructuring in an
effort to best protect minors through Children's Health Insurance Program (CHIP)
and Medicaid. These efforts must be in place as soon as possible to ensure a more
seamless transition as we prepare to extend health insurance to individuals that
have previously been uninsured.
Children currently covered under a private policy will often lose benefits within 90
days of a parent losing a job. This number is 6.5% higher than children who have
parents that continue to stay employed. To eliminate this dilemma, Gerry L.
Fairbrother of the Cincinnati Children's Hospital Medical Center, maintains local
and federal officials need to eliminate waiting periods and eligibility restrictions
to these children when their parents lose their jobs.
Also, despite being eligible for Medicaid or CHIP, approximately two million
children enrolled in these programs still lost coverage in 2008. Benjamin D. Sommers
of Harvard University noted this trend in his analysis spanning 2002 through
2008. He also made note that while retention rates for children in publicly offered
plans have gone up, new matriculation has gone down.
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