States must decide by November 16, 2012 on state exchange strategy
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Enrollment in state-run health insurance exchanges set to begin on October 1, 2013. America’s Health Insurance Plans, an industry lobbyist that represents Aetna Inc. (AET), Humana Inc. (HUM) and WellPoint Inc. (WLP), gathered last week in Washington to talk about the work that needs to be done. States must decide by November 16 whether to build their own exchanges or let the federal government administer all or part the program for them.
So far, 13 states and Washington, D.C. have told the federal government they’ll run their own insurance marketplaces, while 37 governors have yet to formally commit to a project that was mandated by President Barack Obama’s 2010 Affordable Care Act.
Florida Health Choices has begun to roll out Florida’s Insurance Marketplace, our state’s version of an exchange. The Marketplace will provide a central web portal where small businesses and eligible individuals can choose from a variety of health plans and services. With a single point of access to compare multiple insurance products, consumers are able to enroll in the product that best meets their need.
(Photo credited to: nytimes.com)
DISCLAIMER: Because of the generality of this update, and based on particular situations, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice, financial advice and/or the advice of a licensed insurance or certified human resource professional.
© Connelly, Carlisle, Fields & Nichols 2012