AFFORDABLE CARE: Branstad Opts For Iowa-Based Exchange
Governor Branstad has informed the Obama Administration that Iowa will opt for federal help to overhaul the state’s health care delivery system.
The Affordable Care Act requires states to create an insurance exchange. Each State had to decide between creating their own exchange, a partnership exchange with the federal government, or having the federal government set up an exchange in their state.
Friday was supposed to be the deadline for a final decision from states, but Thursday night the deadline was pushed back to December 14th.
Governor Branstad responded to the Federal Department of Health and Human Services anyway.
He says Iowa will create an Iowa-based exchange, but because the federal government hasn’t answered all the questions he has about creating the exchange, the plan will be modeled after the Federal plan until they get more information.
Insurance exchanges act as a marketplace for customers to shop for plans. Federal officials say they are designed to drive down health insurance costs.