Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday they look at business news and themes that affect local business and the public.
This week Dave and Mark talk with insurance broker James Raiola of Mass Mutal. They discuss the how the state’s health insurance exchange is offering plans for small businesses and what kind of company can benefit from using the exchange.
Rhode Island Attorney General Peter Kilmartin and Health Department director Michael Fine have sent a letter to the CEO of United Healthcare New England expressing their concern over the insurer’s dropping of dozens of doctors from its managed Medicare plan in the state. They want United to reinstate doctors until they submit a plan to handle the transition.
The state-run health insurance exchange has released rates on the 28 plans it will offer residents and small businesses.
The exchange, known as HealthSource RI, offers a dozen plans to individuals and families. Three insurers are providing the coverage that range in price depending on a person’s age and whether they want a “gold” “silver” or “bronze” plan. The assumption is that younger people are healthier so if a 21-year-old and a 45-year-old want the same “gold” plan, the 45-year-old is going to pay $126 more in monthly premiums.
A new study in the journal Academic Medicine provides one of the first looks at a program created by the Affordable Care Act in 2010 to train more primary care doctors. It’s a pretty different model than the traditional one, where the government, through Medicare, makes payments to teaching hospitals to help fund graduate medical education (like a residency program for doctors-in-training).
States that have chosen to make their own online marketplaces for health insurance are moving ahead, some more quickly than others. And there’s no time to lose: these exchanges have to come online in 2014, under the Affordable Care Act timeline. (Here’s an update on where states are with their exchanges.)