Columbia Business School study reveals a critical problem for foreign organizations: skilled migrant workers don’t always successfully share what they’ve learned in the US
(Reuters) - Nobody wants their health benefits cut, but a funny thing happens when U.S. consumers shop for plans on their own: They buy less coverage than they had before.
That "buying low" behavior observed in data collected by consulting companies like Aon Hewitt and Liazon Corp may soon happen much more often. With the start of Obamacare and corporate open enrollment seasons, millions of Americans are likely to buy their own healthcare coverage on public and private exchanges.
By Bill Toland, Pittsburgh Post-Gazette There's a learning curve with all online transactions -- banking on the Web, buying songs from iTunes. So how long will it take America to warm up to shopping for health insurance online?And, more importantly, how long will it take us to shop wisely?That depends largely on the architecture of the websites through which America will do its shopping, according to a new paper written by a University of Pennsylvania Law School health insurance expert and several other colleagues.
With just over one month until the Affordable Care Act’s health-care exchanges roll out, new research from Columbia University shows the complexity of choosing coverage for consumers, as some experts claim the law’s subsidies do not incentivize consumers to pick their health-care wisely. What’s more, consumers picking the wrong plan will cost taxpayers—to the tune of about $9 billion per year.
Even if HealthCare.gov worked as well as Amazon, buying insurance isn't easy. And for many young, first-time insurance buyers, trying to pick the most cost-effective plan can involve a steep learning curve.