HealthMarkets history

In 1993, President Clinton proposed the Health Security Act, which would give every American access to healthcare via a “Health Security Card.” In 1993, several bills were introduced in Congress to create national and single-payer insurance programs.

In 1996, the Health Insurance Portability and Accountability Act (HIPAA) added some protections to people with pre-existing conditions and changed some rules for long-term care insurance.

The Balanced Budget Act in 1997 slowed the growth of Medicare spending and created a new insurance structure, Medicare Advantage.

The Medicare Drug, Improvement, and Modernization Act passed in 2003, which created Medicare Part D prescription drug benefits.

Massachusetts and Vermont enacted legislation in 2006 that provided health insurance access to residents, a precursor to the Affordable Care Act.

In 2007, the Healthy Americans Act was proposed in the Senate that would have required all Americans to have health insurance.

KFF. Retrieved from https://www.kff.org/wp-content/uploads/2011/03/5-02-13-history-of-health-reform.pdf.

Sources: Kaiser Family Foundation (2013). Average Single Premium per Enrolled Employee For Employer-Based Health Insurance.

Sold approximately $1.6 billion in Annual Premium Equivalents for carrier partners in 2016

Sources: Kaiser Family Foundation (2019). Average Single Premium per Enrolled Employee For Employer-Based Health Insurance.

KFF. Retrieved from https://www.kff.org/health-reform/state-indicator/marketplace-enrollment/?currentTimeframe=0&sortModel=%7B%22colId%22:%22Location%22,%22sort%22:%22asc%22%7D. Accessed July 12, 2021.