Health Insurance Exchange Market Forecasted to Reach $595 Million

RESTON, Va., Nov. 10, 2010 /PRNewswire/ -- Government contractors can expect an uptick in IT needs as health care reform legislation brings demand for more information exchange in health care. A new report by INPUT, Health Insurance Exchanges, estimates that state and local spending on health insurance exchanges will reach $595 million by 2015.

"Health insurance exchanges are at the center of health care reform," said Amanda White, analyst, Social Services and Health Care at INPUT. "With so many changes occurring to policies, vendors must pay close attention to state legislation. Access and affordability are at the forefront." Health insurance exchanges provide a central marketplace for consumers to compare insurance benefits, quality, and rates, in addition to offering easier enrollment. The exchanges are aimed at helping Americans struggling with the costs of health care find affordable plans without being denied coverage. The report is well-timed, as states are required to have legislation in place by 2011 if choosing to create an exchange, and implement operational exchanges by January 2014.

Contractors should monitor states moving quickly in the implementation process, as they will serve as the models for future opportunities. "The requirement for exchanges to be launched by 2014 opens the door for numerous opportunities," said White. "More funding is expected to be released over the next two years, and contractors should work on systems that are seamless and have the ability to integrate with existing programs and eligibility systems. Contractors will be needed to assist in planning, actuarial consulting, technical and policy consulting, business processing, call centers, and system implementation."

Other critical issues addressed in the report include:

• Health insurance exchange requirements
• Funding sources for states
• Exchange design details
• Exchange market forecast
• Data on each state soliciting contractors to assist in exchange implementation
• Forecasted contract opportunities for all states still in the planning stage

Podcast Availability: Interview with White about Health Insurance Exchanges is available: http://HIEpodcast.input.com/

Report Author: White is available for media inquires.  

Report Availability: Health Insurance Exchanges is available on INPUT's website at the following link:  

http://InsuranceExchange.input.com/  

About INPUT

INPUT, the authority on government business, was acquired by Deltek in October 2010. Established in 1974, INPUT helps companies develop federal, state, and local government business and helps public sector organizations achieve their objectives. More than 2,000 member organizations, including small specialized companies, new entrants to the public sector, and the largest government contractors and agencies, rely on INPUT for the latest and most comprehensive government procurement services and market information, consulting, powerful sales management tools, and educational and networking events. For more information about INPUT, visit www.INPUT.com or call 703-707-3500.

Proper use of name is INPUT.

About Deltek

Deltek (Nasdaq: PROJ), which recently acquired Maconomy and INPUT, is the leading global provider of enterprise applications software and solutions designed specifically for project-focused businesses. For decades, we have enabled government contractors and professional services firms to automate mission-critical business processes around the engagement, execution and delivery of projects. Over 13,000 customers use our solutions to measure business results, optimize performance, streamline operations and win new business. For more information, visit www.deltek.com.  

SOURCE INPUT