Report: State, local insurance exchanges to hit $595M by 2015
State and local spending on health insurance exchanges (HIEs) is estimated to reach $595 million by 2015, according to a new report from business consulting firm Input.
“Government contractors can expect an uptick in IT needs as healthcare reform legislation brings demand for more information exchange in healthcare,” the Reston, Va.-based Input reported. “With so many changes occurring to policies, vendors must pay close attention to state legislation. Access and affordability are at the forefront," wrote author Amanda White, analyst at Input.
HIEs provide a central location for consumers to compare insurance benefits, quality and rates, in addition to offering easier enrollment, the report stated. The exchanges are aimed at helping Americans struggling with the costs of healthcare find affordable plans without being denied coverage.
States are required to have legislation in place by 2011 if choosing to create an exchange, and implement operational exchanges by January 2014, White noted. Contractors should monitor states moving quickly in the implementation process, as they will serve as the models for future opportunities, she advised.
"More funding is expected to be released over the next two years, and contractors should work on systems that are seamless and have the ability to integrate with existing programs and eligibility systems,” White concluded. “Contractors will be needed to assist in planning, actuarial consulting, technical and policy consulting, business processing, call centers and system implementation."
“Government contractors can expect an uptick in IT needs as healthcare reform legislation brings demand for more information exchange in healthcare,” the Reston, Va.-based Input reported. “With so many changes occurring to policies, vendors must pay close attention to state legislation. Access and affordability are at the forefront," wrote author Amanda White, analyst at Input.
HIEs provide a central location for consumers to compare insurance benefits, quality and rates, in addition to offering easier enrollment, the report stated. The exchanges are aimed at helping Americans struggling with the costs of healthcare find affordable plans without being denied coverage.
States are required to have legislation in place by 2011 if choosing to create an exchange, and implement operational exchanges by January 2014, White noted. Contractors should monitor states moving quickly in the implementation process, as they will serve as the models for future opportunities, she advised.
"More funding is expected to be released over the next two years, and contractors should work on systems that are seamless and have the ability to integrate with existing programs and eligibility systems,” White concluded. “Contractors will be needed to assist in planning, actuarial consulting, technical and policy consulting, business processing, call centers and system implementation."