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States Might Need a Push to Take Proper Control of Health Exchanges Technology Articles | July 2, 2013
As per the ACA mandates, the health insurance marketplaces will be established irrespective of the fact that some of the states seem rather rebellious to the idea of adopting these online mediums for selling insurance.?
As October 2013 approaches Cowboys Jaylon Smith Jersey , the more sensible of states are getting their act together and are in the process of collaborating with insurance software vendors to provide them the kind of healthcare software systems that can create and sustain a healthcare exchange. The HHS has allowed the unprepared states to default to the federal exchange format and even given them the liberty of taking ownership for creating a state exchange in the later years. This is the reason why some of the states are seeking FFE or the Federally Facilitated Exchanges, hoping to set up their state exchanges in the near future.
Many of the health insurance industry resources have said that they would be lobbying in the states that have sought the federal route, asking them to graduate to the state exchange platform. The exchanges are expected to cater to nearly half of the nation?s health insurance consumer-base by 2020. Some of the states have chosen a hybrid or partnership approach that is essentially a state-federal exchange Cowboys Xavier Woods Jersey , where the partnership helps to distribute the responsibilities of managing the exchange between the state and federal governments.
There is a misconception that states which have been at the center of the regulations that govern the insurance industry will find it easier to manage the new marketplace. It is being forgott
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