Tuesday, May 22, 2012

How important is the ACA to the insurance industry?

According to reports at Bloomberg, healthcare reform could bring as much as $1 trillion extra to insurance company revenues.  The excess revenue comes from insurance subsidies and Medicaid expansion.  This massive expansion will lead hto the health insurance industry staking claim in .5% of the GDP from now through 2020.  Also according to Bloomberg, 80% of all premium revenue must be put back into the healthcare system, pumping the majority of the $1 trillion revenue back into the healthcare system to doctors, hospitals and healthcare providers.

At the Medicaid Drug Rebate Program 2012, Steve Phillips, Johnson & Johnson, will present "Impact of Healthcare Reform and the Changing Healthcare Delivery System: Accountable Care Organizations and Patient Centered Medicine" looking at the goal of increased specialized care for patients balanced with coverage and reimbursement policies.  This will be ever important as the number of patients flowing into the system increases.  For more information on this session and the rest of the program, download the brochure here.  As a reader of this blog, when you register to join us September 10-12 in Chicago, and mention code XP1758BLOG,  you'll receive an exclusive discount of 25% off the standard rate!

What sector of healthcare will benefit the most from the influx of new revenue to the insurance industry from the Affordable Care Act?

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