Defining a Health Insurance Exchange

insurance provider. In other words, they will not be the insurer themselves. They would similarly to an insurance broker, however, without the customer service provided by licensed insurance brokers. A health insurance exchange would contract with private health insurance companies to offer their plans and policies, and to provide this information and quotes to consumers.

There were a few health insurance exchange set up already in the United States, most notably in Massachusetts (Massachusetts Connector) and Utah (Utah Health Exchange). These have been good examples for how a health insurance exchange is supposed to work. There is also a New York-based, non-profit health insurance exchange called Health Pass. However, there has also been a couple of failed health insurance exchange in Texas and California. These two health insurance exchange resulted in higher premiums, and “cherry-picking” of customers.

Obviously, it is hoped that each state will implement and administer an excellent quality health insurance exchange within each state. Some states have chosen to administer these themselves, while others have allowed the federal government to run that state’s health insurance exchange. The debate has been over how to fund this plan. Some experts believe a health insurance