Gov. Andrew Cuomo defied the vote of New York state lawmakers and issued an executive order to establish a health insurance exchange through New York's health department, according to a New York Times report.
The exchange will be an online marketplace for individuals and small businesses to compare health insurance plans.
New York becomes the eleventh state to form a health insurance exchange and only the second — behind Rhode Island — to use an executive order to establish one. There's a lawsuit challenging the governor's order in that state.
The PPACA requires individual states to institute a health insurance exchange by 2014. If states fail to get one started, the federal government will step in and institute one.
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The exchange will be an online marketplace for individuals and small businesses to compare health insurance plans.
New York becomes the eleventh state to form a health insurance exchange and only the second — behind Rhode Island — to use an executive order to establish one. There's a lawsuit challenging the governor's order in that state.
The PPACA requires individual states to institute a health insurance exchange by 2014. If states fail to get one started, the federal government will step in and institute one.
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