Who will be in charge of the New York health insurance exchange?
Under federal health reform, states, including New York, have the option to either set up an exchange themselves or to allow the federal government to set up an exchange for them. New York will develop a plan for its new exchange and how it will operate by January 1, 2013 in order to meet the federal requirement that exchanges are up and running by 2014. The year 2014 is an important date in federal health reform because it coincides with a number of other key building blocks such as the availability of subsidies for people who don’t quality for Medicaid and have incomes up to 400% of the federal poverty line (which is about $43,000 for an individual and about $88,000 for a family of four).
