The Small Business Health Options Program (SHOP) is gaining traction in most states as carriers decide to participate in the program. Although the state SHOPs face challenges, it appears that this component of the Patient Protection and Affordable Care Act is falling into place.
That's the conclusion of a study by the Commonwealth Fund, which examined the status of SHOP programs in every state and the District of Columbia.
"Nearly all state-based SHOP marketplaces attracted enough competition to offer small employers and employees a choice of insurers and plans, across a range of coverage levels and in nearly every county," Commonwealth reported. "The number of insurers participating in the states ranged from one in Washington to 10 in New York. In all but four states — Minnesota, Nevada, New York, and Washington — the SHOP had participation from more than one insurer in every county."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
