States Prep Rating Systems for Insurance Marketplaces
March 1—Some states are already setting up scorecard or rating systems for health insurance providers so consumers can make better-informed decisions about insurance options when new marketplaces (exchanges) “open” for business in October, according to a recent news report.
Federal healthcare reform law will require states to post quality information related to health insurance options in 2016, but a handful of states—many of which were early applicants to run their own marketplaces—are starting now, according to a Kaiser Health News article. The trick is figuring out which quality measures would most help consumers compare plans.
For example, according to the article, Oregon’s system will grant insurers one to four stars on measures such as screening rates for breast cancer, flu shot delivery, and complaint resolution. Maryland is considering ranking insurers on how they deal with chronic illnesses and interact with minority groups, the article states, while Colorado will rate insurers based on a federal consumer satisfaction survey.
Publication Date: Friday, March 01, 2013