ICHRAs are part of the solution, but not a substitute for overall healthcare reform.
About The Podcast:
Millions of Americans feel confused and frustrated in their search for quality healthcare coverage.
Between out-of-control costs, countless inefficiencies, a lack of affordable universal access, and little focus on wellness and prevention, the system is clearly in dire need of change.
Hosted by healthcare policy and technology expert Marc S. Ryan, the Healthcare Labyrinth Podcast offers accessible, incisive deep dives on the most pressing issues and events in American healthcare.
Marc seeks to help Americans become wiser consumers and navigate the healthcare maze with more confidence and certainty through The Healthcare Labyrinth website and his book of the same name.
Marc is an unconventional Republican who believes that affordable universal access is a wise and prudent investment. He recommends common-sense solutions to reform American healthcare.
Tune in every week as Marc examines the latest developments in space, offering analysis, insights, and predictions on the changing state of healthcare in America.
About The Episode:
In this episode, Marc discusses ICHRAs. They are growing and innovative. They are part of the solution, but not a substitute for overall healthcare reform.
Key Takeaways:
ICHRAs have grown to 500,000.
While a small part of up to 180M employer coverage, they have doubled in one year.
As evidence of the affordability crisis, large employers are buying into ICHRAs.
More than two-thirds of small businesses offering ICHRAs offered no coverage before.
About half of those in ICHRAs are under age 45.
ICHRAs alone may not make things affordable for employees, but when paired with HSAs they likely do.
ICHRAs may also respond to demands by younger workers who want portability and innovation in healthcare.
ICHRAs could help over time risk selection and the stability of the individual market, even as they could impact employer coverage down the road.
ICHRAs are not, by themselves, a solution to America’s healthcare affordability crisis.
We still need price reform to tackle the real issue of healthcare affordability in America.
Connect With Marc:
Resources:
The Healthcare Labyrinth: A Guide to Navigating Health Plans and Fixing American Health Insurance
