The health care market has many aspects that are changing, but it could still be a good situation for investors.
Many investors recently convened on the J.P. Morgan Healthcare conference, which helped bring people together to share ideas on profiting in the ever-changing industry, according to Todd Hixon, a contributor at Forbes. Some of those who visited noted some things that may become commonplace in the coming months.
One of these is the onset of more patients entering the American healthcare system. Larry Merlo, CEO of CVS/Caremark, told Hixon that the significant amount of people taking part in the system, combined with the notable level of subsidies, may help investors collect more money.
The new health care exchanges may also be something that could increase the level of policies in the market, Hixon explained. This is because there may be a higher level of value for insurance companies due to more people taking on products that are fully-insured.
Consumers still confused over new health care setup
While there may be a higher number of investors who are getting involved and making money in the health care market, a sizable percentage of consumers are still in the dark about what the policies mean.
Less than 40 percent of consumers noted they were not as informed about the Affordable Care Act in December than they were in November, according to research conducted by Consumer Reports. Another 90 percent explained they are blocked from being able to learn more about the law due to a multitude of influencers. This includes a lack of balanced information from Congress, the law’s complex nature and confusion on who is telling the truth.
“The American health insurance system has long been the world’s most complicated, and now consumers are being asked to understand an entirely new set of rules and procedures in addition,” said Nancy Metcalf, senior editor focusing on health insurance and the new health law at Consumer Reports. “No wonder they feel confused and unsure where to turn for reliable information. But with open enrollment underway and HealthCare.gov working more smoothly, consumers need help so they don’t miss out on getting the right coverage for themselves and their families.”
Close to half of those polled explained that the ACA was a health care plan run by the government, which is not true, the report added. Another 36 percent also falsely thought that this law gave the government the ability to select doctors.