Health Insurance Exchange: Post Election Update
For the past year, during the Presidential election campaigns, there has been considerable debate about the future of the Affordable Care Act, aka Obamacare. If Mitt Romney won, the destiny of the ACA would still be in doubt. However, Obama won reelection the ACA will move forward as planned.
Now that the debate about Obamacare is over, the job of implementing it in all 50 states and U.S. territories is front and center. With many states that still have much left to do, the deadline is fast approaching. By Friday, November 16, all 50 States and the District of Columbia are to let the Obama administration know if they plan to set up their own Health Insurance Exchange (HIX) or opt for the federal government’s solution for their Exchange.
The Exchanges must be ready to start enrolling citizens by October 1, 2013, so that health coverage can start on or before 2014. Between now and then, there is a lot to be done and States face growing pressures to quickly implement a solution for their HIX.
For more information on implementing a Health Insurance Exchange, check out our white paper: Creating an Efficient and Competitive Market Through Technology.