Lack of Competition Impacts Affordable Care Act Fees - myfoxcarolinas.com

Lack of Competition Impacts Affordable Care Act Fees

Posted: Updated:
  • Local NewsMore>>

  • One-On-One with Bobby Phills' Family

    One-On-One with Bobby Phills' Family

    Wednesday, April 23 2014 11:10 AM EDT2014-04-23 15:10:38 GMT
    Former Hornets player, Bobby Phills, was killed in a car accident in Charlotte in January 2000.  Fourteen years later, his family opens up to Digital Journalist Amanda O'Hara about life after Bobby, his foundation, and the possibility of getting his jersey retired.
    Former Hornets player, Bobby Phills, was killed in a car accident in Charlotte in January 2000.  Fourteen years later, his family opens up to Digital Journalist Amanda O'Hara about life after Bobby, his foundation, and the possibility of getting his jersey retired.
  • Bobcats Fans Enjoy Playoff Basketball

    Bobcats Fans Enjoy Playoff Basketball

    Tuesday, April 22 2014 6:51 PM EDT2014-04-22 22:51:09 GMT
    Bobcats fans enjoyed a fun day of basketball and prize giveaways at the Hickory Tavern.
    Bobcats fans enjoyed a fun day of basketball and prize giveaways at the Hickory Tavern.
  • Body found during search for missing jogger in Union County

    Body found during search for missing jogger in Union County

    Tuesday, April 22 2014 5:47 PM EDT2014-04-22 21:47:39 GMT
    (WJZY) - A body was found while deputies searched for a missing jogger in the Lake Park area of Union County on Monday. Earlier that day, the family of James Martin Hudspeth reported him missing. The family said he went jogging and did not return home. At 5 p.m. that evening the Union County Sheriff Department discovered Hudspeth’s body behind a nearby church.
    (WJZY) - A body was found while deputies searched for a missing jogger in the Lake Park area of Union County on Monday. Earlier that day, the family of James Martin Hudspeth reported him missing. The family said he went jogging and did not return home. At 5 p.m. that evening the Union County Sheriff Department discovered Hudspeth’s body behind a nearby church.

The Affordable Care Act became effective as a healthcare law on October 1, 2013, with the intent to make a nationwide effort to provide health insurance for millions of people who do not have health coverage. While the law has received criticism for website glitches, Dr. Don Jonas, an adjunct professor at Queens University, said people in North Carolina have a bigger problem - lack of competition.

“In North Carolina, one of the challenges, with those insurance companies that are part of the market place, we only have two that are competing for customers,” Jonas said. “We’ve seen in lots of other states, you’ll have nine or 10 different insurance companies to beat down the prices. In North Carolina, with only two there, we’re not seeing that competition occur to bring the prices down.”

In North Carolina, the two insurance companies, which are a part of the market place, are Blue Cross Blue Shield and Coventry Healthcare of the Carolinas. Residents in North Carolina may face higher insurance premiums because of the lack of competition.

Jonas said the roll out of the Affordable Care Act has not gone well but he said he expects some of the glitches to be resolved in the coming weeks.

Powered by WorldNow

WJZY FOX 46
3501 Performance Rd.
Charlotte, NC 28214
Main Number: (704) 398-0046

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices