To create a state government “insurance exchange” that potentially would comply with the regulations imposed by the federal “Patient Protection and Affordability Act.” Under that federal law, the exchanges are the means by which federal subsidies, regulations, restrictions, and mandates would be administered. If a state does not create an “exchange” that complies with all the regulations imposed by the federal Department of Health and Human Services, then an exchange would be established for the state by the federal government. Among other things the “exchange” would act as a “broker” through which individuals could acquire health insurance coverage complying with federal mandates. The “exchange” concept was originally implemented in the Massachusetts “Romneycare” law.
Referred to the Committee on Health Policy