Obama admin re-brands exchanges

//Obama admin re-brands exchanges

The Obama administration is re-branding exchanges to be called insurance “marketplaces” in each state.

Business-Lawyer

The administration feels that marketplace is a more descriptive name for the function of what was formerly referred to as an exchange. Exchanges are designed to function as one-stop marketplaces for people who do not receive health coverage through an employer. Customers will be able to buy and compare plans online, usually with help from a federal subsidy.

Some states may create their own name for the exchange marketplaces, such as Massachusetts “Connector” and “Cover California.”

Do you think Michigan will name the marketplace something different? If so, what do you think it will be called?

2017-01-26T13:13:35-05:00 Obamacare - Health Care Reform|