Friday, November 9, 2012

Many states are rushing to create a health insurance exchange

The results are in! Now that the election is over the states that chose to 'wait and see' are rushing to create a health insurance exchange. They must decide whether or not they want to create an online marketplace or allow the federal government to run it for them. Currently, there are only 15 states that have created a blueprint for an exchange, the rest have until next Friday to decide.

The election came just 10 days before a critical deadline for states in carrying out the law, and many that were waiting for the outcome must now hustle to comply. Such efforts will coincide with epic negotiations between Mr. Obama and Congress over federal spending and taxes, where the administration will inevitably face pressure to scale back some of the costliest provisions of the law.  Although they've had years to start drafting a plan for their state, many wanted to wait to see the outcome of the election. Those states will now be the ones that are working down to the wire to create an efficient health insurance exchange for their residents.

Want to learn more about the health insurance exchange? Join us next week, November 13-14 in Chicago, IL for the Health Insurance Exchange Congress.

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