|Federal Information & News Dispatch, Inc.|
"For far too long, consumers in
Marketplaces were designed to address a long-standing problem that individuals, families and small businesses have faced in the individual health insurance market - consumers have often been unable to find high-quality insurance plans at competitive prices. Plans were written in technical jargon and prices were unclear. As a result, consumers often struggled to find plans that fit their needs and budgets.
Large employers and groups, in contrast, were able to navigate past these problems. They would use the leverage that came with their size to negotiate for higher quality plans and more competitive prices.
Health insurance marketplaces will level the playing field, allowing individuals and small businesses to pool their purchasing power. Consumers will have access to one-stop shopping for insurance, much like they already do on the Web for airfare and hotel rooms.
As of early 2013, more than two dozen states plus the
Senator Baucus applauded HHS for giving states flexibility as they build marketplaces, rather than adopting a one-size-fits-all solution.
Read this original document at: http://www.finance.senate.gov/newsroom/chairman/release/?id=804f46df-29d8-4b77-917a-8f8940bb3b5a
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