Welcome! Login | Register
 

10 Great Things to do in Worcester This Weekend - March 22, 2019—10 Great Things to do in Worcester This…

Finneran: Truisms—Finneran: Truisms

NE Board of Higher Education Launches Initiative for Independent College Transfer—NE Board of Higher Education Launches Initiative for…

Worcester Regional Research Bureau Announces Recipients of Thomas Green Public Service Awards—Worcester Regional Research Bureau Announces Recipients of Thomas…

Worcester Community Action Council Launches Search for Executive Director—Worcester Community Action Council Launches Search for Executive…

Federal Reserve Projects No Further Rate Hikes in 2019—Federal Reserve Projects No Further Rate Hikes in…

Worcester Police Seeking Public’s Help With Hit & Run Suspect—Worcester Police Seeking Public’s Help With Hit &…

ArtsWorcester Announces Opening of Two New Exhibits—ArtsWorcester Announces Opening of Two New Exhibits

Department of Industrial Accidents & Stability to Relocate to Mercantile Center—Department of Industrial Accidents & Stability to Relocate…

Horowitz: On White Nationalism, Trump is Part of the Problem—Horowitz: On White Nationalism, Trump is Part of…

 
 

State Senate Approves Health Care ‘Exchanges’

Wednesday, April 06, 2011

 

Rhode Island took a significant step towards health care reform yesterday when the state Senate approved legislation to establish a health insurance exchange.

The legislation, which was introduced by Senate President M. Teresa Paiva Weed, comes in response to the federal health care reform bill passed in 2010, which requires states to have fully operational exchanges by 2014.

A key centerpiece of state level health care reform, the exchange is essentially an online marketplace where businesses and individuals can go to learn about their insurance options and compare prices. Ideally, supporters of the idea say the exchange would expand and improve the quality of coverage, increase competition and transparency, and reduce overall costs.

‘Centerpiece of health care reform’

“The exchange is the first step towards increasing access to health care for all Rhode Islanders,” said President Paiva Weed. “This is the centerpiece of our health care reform implementation. The exchange will create a health benefit marketplace that is fair, competitive, transparent and understandable to individuals and small businesses.”

The new exchange will function as a quasi-public entity, with no state general revenues used to support it. Instead, once established, the exchange will draw significant federal funds in the form of tax credits to individuals with incomes between 133 percent and 400 percent of the federal poverty level. Furthermore, as a quasi-public agency, the exchange will be more capable of obtaining federal funds for staff positions as well as being shielded from bad state budget cycles.

An 11-member executive board will govern the exchange, with board members being directly appointed by the Governor. In order to avoid any conflicts of interest, the legislation explicitly bans any board member from being employed by or affiliated with an insurance agency, health care provider, or a health care facility or clinic. The board will also establish a separate advisory committee comprised of insurance and healthcare experts to aide it in its decision-making.

The bi-partisan legislation is co-sponsored by Senate Minority Leader Dennis L. Algiere (R – Dist. 38), Rhoda E. Perry (D – Dist. 3), Dominick J. Ruggerio (D – Dist. 4), and Erin P. Lynch (D – Dist. 31).

If you valued this article, please LIKE GoLocalProv.com on Facebook by clicking HERE.
 

 

Related Articles

 

Enjoy this post? Share it with others.

 

X

Stay Connected — Free
Daily Email