A Solution for the Obamacare Repeal
As we all know, Republicans on Capitol Hill are currently moving forward with long-anticipated plans for repealing and replacing the Affordable Care Act, more commonly known as Obamacare. Depending on who you listen to, this could mean 1) the end of the end for Americans who have health insurance through the individual Obamacare exchanges in their states, or a 2) new beginning for the Americans who were already covered by employer-sponsored health plans, but were angered over the rising premiums that private insurers have imposed over the past several years.
Which one is it?
So, which one is it? Maybe it’s a little bit of both – and maybe, just maybe, neither side has the answer. “The ACA made changes in every part of the health care system,” said Larry Levitt, senior vice president at the Kaiser Family Foundation, of the Affordable Care Act. “Virtually everyone has been touched by the ACA.” That’s true – and that’s why changes to it could bring about changes that are both positive and negative.
What’s the Solution?
For employers who are struggling to make a decision about what health plan option should be implemented as our lawmakers overhaul the current government solution, we suggest direct contracting. Direct contracting is a private employer health plan solution that is tailor made for mid-sized to large organizations. It can be entirely customizable for an employers’ needs.
Here is just one example: If an employer wishes to continue covering part-time employees (employees who work 30 hours a week who were covered because of the Obamacare employer mandate), they can – and, they can do it more affordably by working with experts who know the healthcare market enough to help them hand-pick the providers in their network.
The Shopping Cart Method
Direct contracting allows employers to choose which aspects of the Affordable Care Act they want to keep. In addition to the employer mandate aspect of Obamacare, employers can choose other parts of the law they wish to retain – such as keeping children on their parents' health plans through age 26. Time has shown this to be one of the most popular provisions of Obamacare, and employers who recognize that are free to make it part of their customized corporate health plan if employee demand requires it. This is the “shopping cart” method of corporate health plans – keeping what you like, passing on what you don’t like – and it works.
Direct contracting can be a welcome solution for the repeal of Obamacare, and employers need to investigate it before a full repeal takes place. To learn more about direct contracting from a firm that provides it as a solution, contact GM&A to request a complimentary health plan consultation.