Thursday, November 13, 2008

Health Insurance Changes In A New Administration

A recent Wall Street Journal article discusses likely health care changes under an Obama administration. For a full version of the article, click here. The article points to the long-held Democratic pillar of improving access to health insurance and decreasing the numbers of uninsured Americans. Potential increases in publicly funded health insurance are likely to offset cuts to private Medicaid. Aetna, Cigna and United HealthCare are all mentioned as having taken proactive steps to increase their portfolio of state administered Medicaid business.

Unfortunately the article takes no risks and does not address employer-sponsored benefit plans. This is an area of great uncertainty as both candidates proffered proposals that would significantly impact the private sector. As the new Administration takes office in January look for health care to play an important role after the financial crisis is addressed.

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