FINAL DECISION: Branstad Chooses State-Federal Insurance Exchange
Governor Terry Branstad officially opted to create a state-federal partnership to phase in the Affordable Care Act in Iowa.
The Governor had previously said he would most likely choose that option, but he was waiting for more information from the Federal Government.
Friday was the extended deadline for his decision, in a press release Branstad said he chose to avoid the expensive state-based model and opted for the state-federal partnership because it allowed Iowa to retain some autonomy over the system.
The Affordable Care Act requires states to create an insurance exchange which acts as a marketplace for customers to shop for plans. Federal officials say they are designed to drive down health insurance costs.
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.
The exchange is supposed to be up and running by next fall.
Branstad says throughout the health care overhaul his guiding principles will be, improving care, lowering cost and most of all making people healthier.