The whole way employers and employees purchase health insurance will change with the creation of the exchange...
The President discusses healthcare reform.
A key component of the Affordable Care Act is the
requirement that States establish online “Insurance Exchanges” by the year
2014.The stated goal of these Exchanges is to provide individuals and small employers with a place to purchase health insurance in a competitive, market-based environment.The federal government will create exchanges for states that fail to comply with the law.
The White House has recently released a 2012 Progress Report about how various States are implementing health exchanges. New York State has not yet passed legislation to create the Exchange, although it is a top priority of Governor Cuomo as indicated in his recent 2012-2013 Executive Budget statement.