With 8 million enrollments, 6.8 million people taking advantage of subsidized health insurance, millions of people with preexisting medical conditions gaining better health insurance coverage – the winners of Obamacare have been enjoying noteworthy achievements. Between Medicaid expansion and Obamacare implementation, several people who could not afford insurance earlier are now successfully enrolled in a health insurance plan. Small businesses, which were handicapped earlier to provide better health insurance to their employees, have SHOP exchanges on the very near horizon. Surprisingly, these obvious winners aren’t the only ones who are making the most use of Obamacare. Let’s take a look at a chance winner of this implementation – alt-labor groups.
Alt-Labor groups, which are not classified as traditional union groups, are groups of alternate labor which do not function through union members and do not have any membership fees to drive its politics and programs. Alternate labor groups are achieving more progress than unions and holding more sway in the market as traditional unions lose their sheen. However, even after all the growth, alternate labor groups are generally cash strapped and suffer challenges related to sponsorship. Now, with Obamacare, these alternate groups are about to tackle the major challenge of funding.
Working America, a prominent alternate labor group, has recently bagged a deal that will drive Obamacare commissions to its treasury. Working America has entered a deal with a private exchange that entitles them to commissions issued by health plans for every Obamacare insurance plan sold through them. Basically, the private exchange will be using the workforce of Working America to guide existing and potential members while shopping for health insurance on Obamacare marketplaces. The commission granted by health plans will be split between the exchange and Working America, with a larger chunk going to the private exchange. Through this deal, Working America has hit the sweetest self funding deal, all thanks to Obamacare.
The role of Working America members will be to guide fellow members and future members while they are shopping for health insurance. Their role will be synonymous to brokers and agents, which played a major role in enrolling people during the first enrollment period. As the second enrollment period approaches, these members of Working America will function as navigators who will help their colleagues and future members in purchasing health insurance.
For Working America, and other such alternate labor groups, Obamacare has turned out to be a surprise blessing. They will have a full coffer, an active consulting arm for Obamacare, and a fully insured team, all through a single move of collaborating with a private exchange over Obamacare. It shouldn’t be long before other alternate groups begin to make use of such an opportunity.