The exchanges are online supermarkets where people can shop for private health insurance
and obtain federal subsidies to help with the cost. At lest 25 million people are estimated
to eventually receive coverage through the exchanges says the Congressional Budget Office.
In any state that is unable or unwilling to set up and run the exchange the Federal officials
and federal contractors will set up and run the exchange.
A federal health official said the administration has encouraged states to establish their own
exchange but regardless of who is in charge of the exchange consumers will have access to
affordable health insurance in all states.
On Oct. 1, 2013 consumers can begin to enroll in health plans, for coverage starting on
Jan. 1, 2014 when most Americans will be required to have insurance.
Federal officials believe the concept of an exchange is simple: Competition will drive
down prices.
Sincerely,
Tom Caress
760-413-9749
medicareplansdirect.net
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