Larry Kocot Quoted in “ObamaCare Progress Report Week 10: Fixed Glitches and New Workarounds”FOXBusiness December 6, 2013
Larry Kocot, a Member of the Firm in the Health Care and Life Sciences practice, in the Washington, DC, office, was quoted in an article titled "ObamaCare Progress Report Week 10: Fixed Glitches and New Workarounds."
Following is an excerpt:
Healthcare.gov took a big step forward this week after a re-tooled healthcare.gov is now able to handle more users.
The Obama Administration's self-imposed deadline of Nov. 30 to remove the massive glitches on the federal exchange brought more functionality to the site, and the Department of Health and Human Services reports the site can now handle up to 50,000 users at a time and 800,000 users daily. ?...
The week also exposed a major flaw in the federal exchange: the lack of a payment mechanism for insurance companies to receive funds from the government to cover subsidized and cost-shared plans. This means insurance companies will have to bill the government in order to receive these payments, and consumers have the potential to be squeezed in the middle. ?...
Larry Kocot, Brookings Institution visiting fellow, says he is concerned about this back-end issue, and the ability of an insurer to determine if an individual is insured come Jan.1.
"How will they determine if their subsidy is correct?" he says. "This has a huge bearing on how a person will use this and how they will be covered."