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Reforming insurance markets to better meet the needs of consumers
Health insurers must make the health insurance market work more efficiently and effectively. Additionally, WellPoint has identified ways to improve health insurance markets to better meet the needs of consumers:
• Ensure all Americans can access affordable coverage
• Create a vibrant health insurance marketplace that facilitates competition and consumer choice and encourages insurers to create innovative products that meet the needs of consumers
*Read more*
Enacting strategies to expand and finance sustainable coverage for all Americans
With 82 percent of the uninsured having family incomes less than 300 percent of the Federal Poverty Level (FPL)2, even with strategies to improve quality and control costs, WellPoint believes that financing must be part of any strategy to significantly expand coverage:
• Improve and expand programs for the most needy
• Provide a bridge to self-sufficiency through premium assistance
• Expand the employer-based system
• Equalize tax treatment for individuals purchasing coverage on their own
• Increase funding for public-private partnerships
*Read more*
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