Health Insurance Exchange Update: Friday, June 15, 2012

In today's health insurance exchange update, we find that even though some states are against the health exchange, they're still taking the measures to create one one.  and Hawaii is the first state to publicly declare that they will be creating a healthcare exchange to be compliant with the government.

Even though Mississippi is a red state, Mississippi Insurance Commissioner Mike Chaney says that the $20 million grant that the state received will be put to good use. According to Politico, they are creating an exchange, but there will be no standard packages, no requirements to sell to people with pre-existing conditions or subsidize the people buying the coverage. The goal of this exchange would be to help healthy people who can afford to buy health insurance find it easier.

Hawaii is the first state to officially declare that it will create a government compliant health plan. Governor Neil Abercrombie issued a letter to the US Health and Human Services Center for Consumer Information and Insurance Oversight that the Hawai'i Health Connector would function as their exchange. According to Maui Now,  this platform was established in 2011 and has contributed to Hawaii achieving one of the lowest uninsured levels of children in the nation.

Montana and South Dakota, however, are less progressive when it comes to creating their health insurance exchanges according to Government Health IT.  Both have many hospitals and doctors who have not adopted to electronic health records.  South Dakota did receive a grant for exploration into the health insurance exchange, but they were a part of the law suit brought to the Supreme Court to determine the constitutionality of the law. Montana was not a part of hte exchange, but have accepted a $1 million grant to study their options.  Both states have really high uninsured population averages, but also a higher than average number of individuals on Medicaid.

This November, the Health Insurance Exchange Congress will be held November 13-14, 2012 in Chicago, IL.  Here, state officials and health plans with the only opportunity to come together to discuss PPACA and strategize on how to make this a successful opportunity for all.  As a reader of this blog, when you register to join us and mention code XP1710BLOG, you'll receive 15% off the standard rate!