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With the U.S. Supreme Court decision on King vs. Burwell, the subsidies are staying as the Justices ruled in favor, voting 6-3, for upholding the subsidies.  Naturally, the impact of the decision won’t be immediately felt, but here are five ways you will benefit from King vs. Burwell decision.

The Subsidies are Staying

The most obvious, and most powerful, takeaway of the King v. Burwell decision is that the subsidies are staying in force. Millions of Americans no longer have to worry about continuing their health insurance policies without assistance on the cost. The subsidies will continue to make health insurance affordable and well within reach. But retention of subsidies is not only beneficial for the people, but for the healthcare industry as well. Let’s see how.

Health Insurance Premiums Will Continue To Be Affordable

Other than the regular yearly increase in the cost of Obamacare health insurance plans, premiums should not be going up anymore. Plans are just starting to submit their plan premiums for open enrollment 2016. However with the few that have already been submitted and published, it looks like any increase will be minimal.

Quality of Care is Expected to Go Up

Without subsidies, the health insurance industry was looking at a high rate of uninsured. More than that, hospitals and doctors were worried about uncompensated care and the money spent on people without health insurance. Available statistics show that states were looking at $12 Billion in uncompensated care for the uninsured. Now, with subsidies intact, the states and hospitals can breathe easy and focus on what they can delivery – improved care quality and efficiency. With covered health insurance and a healthy insurance pool, hospitals and doctors need not worry about these challenges, and they can continue to invest their money in improving care quality for Americans.

More Choice in Health Insurance Plans

Continuing the trend of Obamacare plans, enrollees will continue to see better health plans at competitive prices on the marketplaces. With subsidies intact, health plans no longer need to worry about imbalanced risk pools and challenges in the market. They can strive and thrive with the current setup, and that requires introducing new, better health plans that can grab the attention of customers. So if you have been waiting to change your health plan for something better, this open enrollment should have some nice offerings that are right up your alley.

Increased Stability in Healthcare System

The American healthcare system, for the amount of money spent on it, is not impressive, and the health insurance industry admits that. Now that the subsidies are staying, there are a lot of other avenues where attention will be focused. How will that affect you? Well, you would experience a drop in healthcare costs, prescription drug costs, and improved care quality for the same dollar amount spent, and all of this will result from the stability in healthcare system brought about by Obamacare and its subsidies. Over time, the impact of Obamacare would be visible in your daily healthcare services and how you use health insurance, precipitated through a stabilized healthcare system.

As the administration works toward fixing healthcare.gov, there is another crucial part of the health insurance marketplace enrollments that hasn’t received a lot of attention – navigators. As it was widely expected, navigators have played a large role in helping people enroll. With the system experiencing issues, more people than expected have turned to the navigators for help.

Unfortunately for the navigators, there were some unforeseen issues that are hampering the ability of the navigators to do their job.

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After a rough start, healthcare.gov (the Federally Facilitated Marketplace) is beginning to experience a bit of a recovery. Although the launch was plagued with system crashes, non-availability and incorrect subsidy calculations, things are finally starting to look up.

According to the government, millions of enrollments were expected in the initial stages of the health reform rollout. Projections indicated that nearly half a million enrollments were expected within the first 30 days. However, enrollments were a lot lower than the projections. The problem was not limited to the site usability; it was also about the data that was being sent by the system. Several health plans experienced incorrect enrollments, missing information and individuals enrolling in multiple plans. The end result was incorrect data in the system and failed enrollments.  On the other hand, the states that opted to run their own exchanges were performing better but still dealing with less than expected enrollments.

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While information has been trickling out on the various state exchanges, Missouri has continued to stay quiet right up to the launch. As the state lawmakers, and then voters, voted rejected a state-run exchange, Missouri is among the many states that chose to leave it to the federal government to handle.

While efforts to publicize the exchange have faced strong opposition, there have been some initiatives put in place to help increase the public’s knowledge on the exchange.

•    Private organizations and individuals are conducting FAQ and Question & Answer Sessions on the exchange for individuals. For instance, FOX 2 recently aired a Q&A session that consisted of top industry experts and served as a platform for helping people clear their doubts about ACA. This one-hour special helped people learn more about the health reform that is going to impact their lives. Similarly, through the face of private organizations and nonprofit associations, the state will receive the required information.

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With the exchange now live, there has been some clarity in the carriers and rates for the Illinois state exchange. Consumers in Cook County will be able to choose plans offered by five carriers – Aetna, Blue Cross Blue Shield of Illinois, Coventry, Health, Humana, Inc. and Land of Lincoln Health.

However, only BCBS and Land of Lincoln are offering both individual and small-group plans throughout the state. BCBS is offering 16 individual plans and 19 small businesses; Land of Lincoln is offering 19 individual and 16 small group plans. Offering the most individual plans – more than 30 different options – is Humana and Coventry.

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Nebraska’s exchange, which will be the Federally Facilitated Marketplace (FFM), will go live October 1, and they recently revealed the proposed rates that would be available on the exchange. Let’s take a look.

Sample Rates and Insurance Carriers Operating on Nebraska HIX

Four insurance carriers will be participating in the exchange and all will be offering individual and/or small business health insurance plans. While the rates that were released are not final, Blue Cross Blue Shield of Nebraska, Coventry Health, CoOportunity, and Health Alliance Midwest, the participating carriers, will finalize their respective plans by October 1…

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In less than 2 weeks , enrollment on health insurance marketplaces (healthcare software texas) will begin throughout the country. For Texas, which has one of the highest populations of uninsured, this is going to be a rough period. To make matters worse, the challenges faced by Texas are not limited to this issue, there are more.

As per the available statistics, 27 percent of population under 65 is uninsured. Overall, there are about 6 million uninsured Americans living in Texas. Once the rollout starts, these people will require a lot of education on the marketplace and how to choose the right plan for them and/or their family. Texas opted to not build its own state exchange and is relying on the Federally Facilitated Marketplace for its residents.

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When the Idaho health insurance marketplace, Your Health Idaho, goes live on October 1, the state will be looking at two primary aspects that will decide the health and performance of the exchange in the years to come – Idaho insurance agents and the number of enrollments on the exchange. Although these two aspects are closely related, insurance agents takes precedence.

While insurance agents and brokers have been working in Idaho for a long time, a large number have concerns on the changes that the Affordable Care Act will bring. Some of those factors are:

•    The commissions and incentives insurance agents received in the past will decrease substantially once Your Health Idaho goes live. For instance, Regence BlueShield of Idaho is going to decrease the plan commission from $12 to $9.

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States like New Jersey have been getting a lot of attention ever since the conception of Obamacare health insurance marketplaces. There are multiple reasons for this, primarily because New Jersey, with approximately 900,000 uninsured residents, decided to utilize the Federally Facilitated Marketplace (FFM) and not to build its own exchange. Let’s take a look at what’s happening in the state.

What’s on Track?

The FFM is on track to be live on October 1. There were concerns that the FFM wouldn’t be ready in time but those fears were allayed by a recent announcement by Kathleen Sebelius, the U.S. Health and Human Services Secretary. Since New Jersey has a higher percentage of uninsured residents than the national average, extra effort is being put in by the U.S. Health and Human Services office to alleviate any fears related to the implementation.

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A part of the group that decided to rely on federal government for implementation of health insurance marketplace, Maine is working round the clock to ensure that its residents do not face any trouble when the exchanges go live on October 1. However on October 1, will the public sign on? Many studies have shown that the majority of Americans are not aware of the exchanges and do not have a clear idea about purchasing health insurance online after October 1.

Maine marketplace authorities understand this problem, and that’s the reason why they are gathering their resources to meet an important target: guide Maine residents and help them purchase health insurance on the marketplace. As a part of a federal strategy to assist state governments in meeting this target as well as marketing the health insurance exchange, Maine has received two separate federal grants amounting to $542,000. These federal grants will be used for one purpose: marketing the exchange and educating residents about insurance shopping in the new era through exchange navigators.

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