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Why are they even called 'exchanges'? Are quotes coming in live from the healthcare providers? Can we get a feed to the data to chart price changes over time?
by yapcguy 13y ago
Why are they even called 'exchanges'?
Are quotes coming in live from the healthcare providers?
Can we get a feed to the data to chart price changes over time?
At the moment it looks like the websites are fairly static and all we're getting a look at is a menu of prices.
- mkr-hn 13y agoYou're thinking of a stock exchange. This is a marketplace. As in one person has a set of goods and services, and someone has a need for those goods or services. They exchange goods and services for other goods and services--or money--on the marketplace. I honestly can't tell whether you're trolling or genuinely confused.
- yapcguy 13y agoBoth words 'marketplace' and 'exchange' are being used so that might confuse people. Obviously I don't expect it to look like a stock exchange with bid/ask but one of the ideas of having the marketplace was that competing healthcare providers would (maybe) lower premiums. That means there must be a mechanism for updated prices appearing on the websites. Are prices updated on a daily, weekly, monthly or quarterly schedule? It would be interesting after a year to see whether prices really do fluctuate or not, and what the variance from the mean is. Is this a free market where health providers really do compete on price, or is this a stitch-up like e-book prices?
- mkr-hn 13y agoOur anonymous title-fixing vigilante is asleep on the job. The actual page title uses marketplace.