The reverberations from last year’s seismic legislative tilts will be keenly felt by insurers in the coming year. A new report by Boston-based Aite Group finds reaction to health care reform and financial services reform among five trends that will shape each sector respectively.
Indeed, three of the five trends Aite sees on the health side (growing interest in health care exchanges, reforming healthcare payments, increasing adoption of electronic medical records) are all substantially influenced by the Patient Protection and Affordable Care Act of 2010. Aite says with Republican efforts to repeal the law more likely to only produce a few alterations, health insurers need to prepare for a new landscape. “Although parts of healthcare reform are expected to change drastically, the idea around using healthcare insurance “exchanges” to create a competitive marketplace are, enabling the masses to buy health insurance, is here to stay,” the report, authored by Research Director Clark Troy and Senior Analyst Kunal Pandya, states.
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