Bloomberg Taps Joel Ario for Article on Bidding Systems for Health Insurers
"California One of 2 States to Force Health Insurer Bids"
Bloomberg
March 13, 2013 – Bloomberg interviewed Manatt's Joel Ario, a managing director with Manatt Health Solutions, for an article discussing the two states requiring medical insurers to bid for the chance to sell coverage through new exchanges under the health reform law.
Bloomberg reports that the 2010 Affordable Care Act gives states the power to impose a bidding system for insurers to join the exchanges in order to help drive down costs. So far, California and Vermont are the only two states out of the 16 running their own exchanges to set up a bidding system.
Industry insiders told the publication that broader choice can be effective in the absence of leverage.
"This is music to the ears of the insurers," said Ario, a former Obama administration health official.
Read the article here.