Defining a Health Insurance Exchange

exchange helps facilitate the enrollment of more American citizens into a health care plan, while also providing structure and supervision to the current health insurance market.

The Patient Protection and Affordable Care Act of 2010 (PPACA) has set up for the implementation of the health insurance exchange, but there is still some leeway regarding how it is to be set up, and how each state should handle it. There are also questions regarding whether the federal health insurance exchange will include a government-run insurance option. Although this was originally a part of the health reform bill, it was removed before it passed.

At this time, it appears as though a health insurance exchange will provide a web portal with information and quotes about health insurance plans, which it is hoped will result in more American citizens enrolling in an affordable health insurance plan.