consumer perspectives on healthcare reform, one year later

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Consumer Perspectives on Healthcare Reform, One Year Later Anjali Lai, Community Manager Kristopher Arcand, Community Manager October 24, 2014

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Page 1: Consumer Perspectives On Healthcare Reform, One Year Later

Consumer Perspectives on

Healthcare Reform, One Year Later

Anjali Lai, Community Manager

Kristopher Arcand, Community Manager October 24, 2014

Page 2: Consumer Perspectives On Healthcare Reform, One Year Later

© 2014 Forrester Research, Inc. Reproduction Prohibited

Health Exchange Open Enrollment : One Year Later

1 Source: Bracing for New Challenges in Year 2 of Health Care Law 2 For more information, see: Mapping The US Health Insurance Landscape From The Consumer's Perspective

Forrester Research tracked consumers’ candid, unprompted commentary about the Affordable Care Act by tuning into relevant online conversations posted across a variety of sites since October 2013. Forrester also leveraged its ConsumerVoices Market Research Online Community (MROC) to evaluate how recent experiences influenced customer perspectives of the Affordable Care Act, and of their health insurance providers.

On October 1 of last year, open enrollment - a part of the Patient Protection and Affordable Care Act - went into effect. The first year of enrollment under this federal law was marked by a turbulent start to HealthCare.gov, widespread confusion among consumers, and a steep learning curve for insurers and government officials alike.1 In anticipation of the shifts in the health insurance landscape, we published a report last July that provided a holistic view of consumer attitudes towards the Affordable Care Act and relevant expectations they had of health insurance providers.2 Now, we take a historical view to understand how these attitudes and expectations have evolved over the past year.

Page 3: Consumer Perspectives On Healthcare Reform, One Year Later

© 2014 Forrester Research, Inc. Reproduction Prohibited

OCTOBER to DECEMBER 2013 AUGUST to OCTOBER 2014

Mentions: The number of times an

instance of insight-rich text

about the Affordable Care Act

appears online

Sentiment: A score representing how

positive or negative

commentary is, where

-100% is negative, 0 is

neutral, and 100% is

positive.

Mentions: The number of times an

instance of insight-rich text

about the Affordable Care Act

appears online

Sentiment: A score representing how

positive or negative

commentary is, where

-100% is negative, 0 is

neutral, and 100% is

positive.

13,134,426 -21% 1,168,742 -14%

Source: NetBase Aggregated Social Listening Data, October 2013 – October 2014 (Global)

Consumer-generated conversation about the Affordable Care Act:

Although consumer-generated conversation about the Affordable Care Act has waned over the past year, sentiment of the dialogue has remained negative. However, while conversation in late 2013 was politically charged, recent chatter relates to functionality of the healthcare system and customer experience under the law.

Conversation shifts from politics to experience

Page 4: Consumer Perspectives On Healthcare Reform, One Year Later

© 2014 Forrester Research, Inc. Reproduction Prohibited

Specifically, consumers fixate on high costs

Source: Forrester’s ConsumerVoices Market Research Online Community, Q4 2014 (US)

Negative consumer conversation about customer experience under the Affordable Care Act is largely driven by attitudes towards cost. Individuals who were mandated to purchase health insurance under the law express frustration at having to pay for healthcare they feel they don’t need; at the same time, consumers who were already covered feel that the law’s implementation resulted in higher premiums.

“If you are healthy, you are still punished because you have to pay

huge premiums, regardless. The government only reimburses you if you

are poor and if you cannot get insurance through an employer - the rest of

us are screwed.” – Female, Age 45 to 49

“Doctors quitting, costs sky rocket. Provider lists change daily. Worst

thing ever.” – Male, Age 30 to 34

“My health insurance hasn't changed at all from last year, so it hasn't

affected me that I know of. A lot of people I have talked with are very

negative about it because it has so many ramifications.” – Female, Age

50 to 54

A large number of consumers speak to others’ negative experiences rather than their own. This

suggests that passions run high across the consumer market, regardless of whether a consumer was

directly, personally affected by the Affordable Care Act.

Page 5: Consumer Perspectives On Healthcare Reform, One Year Later

© 2014 Forrester Research, Inc. Reproduction Prohibited

By adopting an age of the customer mentality, insurers can evolve the conversation further

“The healthcare payer market is being disrupted by new laws and regulations –

especially the Affordable Care Act. In response to the new regulations, the health

insurance industry is pivoting toward consumer-based business models…

Regulations mean healthcare payers must infuse “customer” into their business.”

- Skip Snow

The second year of open enrollment under the Affordable Care Act presents health

insurers with greater opportunity – and mandated responsibility – to shift the

healthcare focus from costs and procedures to wellness and high-quality

outcomes.

Therefore, health insurers have a stake in learning about wellness, quality, and

efficiency of care; investing in improving consumer health; and developing strong

digital experiences. By the same token, health insurers have the potential to

improve consumer perceptions of the industry, and change the nature of

conversation.

To learn more, see the April 2014 report: 2014 Technology Imperatives For US

Healthcare Insurers

Page 6: Consumer Perspectives On Healthcare Reform, One Year Later

© 2014 Forrester Research, Inc. Reproduction Prohibited

How we can help you DATA-DRIVEN INSIGHTS THAT PROVIDE A 360° VIEW OF THE CONSUMER

Technographics Survey Data

Who are they? What do they say they do?

Technographics Behavioral Data

What, where, and when are they doing things?

Technographics Qualitative Data

Why are they doing it? Why are they saying it?

Technographics Social Listening Data

What are they talking about? How are they

talking about it?

Want to learn more about Forrester’s data offerings? Take a look at Data Services.