September 29, 2013
All the attention exchanges have been getting lately comes hand-in-hand with confusion and misconception.
Ever heard of “BushCare,” for example? While the move to private Medicare exchange has been hailed by many as a result of Obamacare, the legislation that paved the way for us to start the nation’s first private Medicare exchange was enacted by President George W. Bush in 2003. That law made the first wave of private exchanges possible and enabled the mass personalization of Medicare benefits for their users.
- Why the notion of exchanges stirs up so much angst
- Some common misconceptions about exchanges
- The different types of private insurance exchanges – for active employees, part-timers/seasonal workers and early retirees, and Medicare-eligible retirees
- The relationship between private and public exchanges
- The analogy between exchanges for retiree health benefits and 401ks for pension benefits