First implemented in 2014 as a cornerstone of the Affordable Care Act (ACA), public exchanges sought to provide subsidized coverage to Americans who were not eligible for Medicaid. A new UnitedHealth Group research report reveals that public exchange coverage has proven to be significantly more costly and less effective than Medicaid. Following are key findings from the report:
Public exchange coverage is more costly than Medicaid coverage.
Medicaid has expanded access to care by delivering affordable, stable, and sustainable coverage.
Public exchanges have proven to be less effective at increasing coverage.
Public exchange coverage remains unstable, having declined each year since 2014.