State’s Healthcare Exchange Underway
Connecticut is moving forward on forming a health insurance exchange, required by federal reform law, through which individuals and small businesses can shop for coverage.
Thus far, the state established and appointed the exchange board of directors, chaired by Lt. Gov. Nancy Wyman, and recently received some initial federal funding.
The Board is comprised of myriad individuals with experience in various aspects of the healthcare funding and delivery systems.
However, no one on the board is currently employed in any healthcare related field, since state statute specifically prohibits such individuals from serving on the board.
In its next meeting on Tuesday, Oct. 11, the board will take up the issue of recruiting an executive director to lead the operation.
States have until 2014 to put an exchange in place, but the first deadline is actually much sooner: Dec. 31, 2012, when states have to pass muster with federal regulators on having simplified insurance offerings, a standardized application and a consumer-friendly online presentation ready to go.
If states fail to create an exchange, the federal government will step in and do it for them.
EXPLORE BY CATEGORY
Stay Connected with CBIA News Digests
The latest news and information delivered directly to your inbox.