11th
November 11th, 2009 | 
Author: This might be a crazy idea, and maybe I have my facts wrong, but given that
- ‘Reform’ wouldn’t implement until 2013
- People will likely be able to ‘keep’ policies in place at that point
- Employers will likely have to pay more one way or another
- And after 2013, insurance companies will have to insure pre-existing conditions
Does this add up to a surge in people buying private, individual or family health insurance policies in the next three years?
Am I out in left field on this? Interested…. Any other thoughts? Comments on comments?
Posted in Insurance-Technologies
I think this article sums up the issues we face:
http://is.gd/52VBu
Mike: great topic. One sub-category I don’t see in the press, but we are seeing in the market: technology decision delays. Many pure software vendors are seeing a huge drop in go-forward decisions from carriers fearful of those items mentioned for fear of being left with paid-for software when “reform” (man, I hate that word!) hits. In the meantime, those who fail to move forward with the solutions that keep them at the front of their competitors will be crippled long before 2013. What is the alternative? Consider “SaaS” or “Cloud” solutions which offer “pay as you grow”. Plenty of vendors offer this option, and any good consultant will offer this option. Love the bloggin’!
Jim, great link. Love the last paragraph. “All told, the national mandatory health-insurance bill puts the federal government in charge of individuals’ insurance choices and data privacy. This philosophy of governing is the opposite of America’s founding principle: consent of the governed.” Might as well throw out HIPAA while we’re at it. Heck, that will make it a lot easier to do e-commerce in the insurance space.
David, excellent point about Cloud solutions. I’ve seen your Unirisx solution applied to a real business case – it works. Great alternative to legacy policy admin solutions…