Posted on Thursday, 10th February 2011 by
The Patient Protection and Affordable Care Act (PPACA) passed into law last year has as a primary provision the implementation of health insurance exchanges (HIE) by 2014. The concept is to provide an online competitive market for insurance to maintain costs and encourage premium competition.
What does an HIE look like? How would it work? As 2014 approaches, does the technology exist?
We may have some answers soon as technology companies vie to be chosen providers of the HIE’s. Microsoft “today announced it will offer new turnkey technology solutions tailored to help states quickly roll out their statewide health insurance exchanges by 2014,” as one example.
Microsoft’s State Health Insurance Exchange (HIX) system “allow[s] state and government agencies to choose a single interoperable framework that connects new and existing government and private sector systems within a consistent architecture.” It will have a consumer “portal” where an individual would shop and compare insurance and a sophisticated behind-the-scenes processing considering things such as eligibility, any financial assistance availability, along with processing the enrollment and administering the insurance account.
The appeal of a Microsoft system to the states is the claim the system will integrate with existing state systems in one package. From now until 2014 many providers will role out their versions of HIE’s and whether those are Microsoft or other provider’s systems remain to be seen.
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Tags: Exchanges, Health Insurance, Health Insurance Exchanges, Insurance Exchanges
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