Health Insurance Exchange Passes Another Hurdle, More Ahead
[MMA News Now, Jan. 31, 2013] The bill that would create a Minnesota-based health insurance exchange (SF1) passed another hurdle on Jan. 30 as the Senate’s Commerce Committee approved it 8 to 5 along party lines. The bill will now move on to the Senate’s Health and Human Services Policy Committee next week.
While the idea of an exchange has bipartisan support, Republican senators take issue with several aspects of it: the 3.5 percent health plan assessment that would fund the exchange, the "active purchaser" role of the exchange board and the overall cost to run the board.
Republican senators offered an amendment in the commerce committee to delete the 3.5 assessment and replace it with funding from the Health Care Access Fund, which receives support from the provider tax. That amendment was defeated on a party-line vote.
Lawmakers must decide whether they want the exchange to have an “active purchaser” model, which only works with selected qualified plans, or a “clearinghouse” model, which would include all insurance products that meet modest criteria.
For more information on the exchange bill, visit the MMA News Now archives.