Improving Health Insurance Markets and Promoting Competition Under Health Care Reform

Source: Linda J. Blumberg, Urban Institute, Testimony Before the United States House Committee on Ways and Means, April 22, 2009

From the summary:
Current health insurance markets suffer from many shortcomings. Comprehensive health care reform will be necessary to address them. Insurance market reforms and subsidies to make coverage affordable for the modest-income population within the context of a more organized health insurance market are essential strategies. A health insurance exchange can be developed to organize the insurance market and to provide guidance and oversight in achieving reform goals. Making a public health insurance plan option available to purchasers can further promote competition in insurance markets and could be an effective strategy for slowing health care cost growth.

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