Posted on 10/01/2010 7:50:20 AM PDT by SmithL
Amid appeals from the White House and consumer health care advocates, Gov. Arnold Schwarzenegger signed two key health bills Thursday that make California the first state to begin establishing its own health insurance exchange, which could widen medical coverage for small businesses and the millions of uninsured.
Facing a deadline of midnight Thursday to act on bills, Schwarzenegger signed scores of new laws, ranging from requiring schools to provide fresh drinking water to extending foster-care benefits to young adults and rolling back the date by which kindergartners must turn 5 in order to start school.
The health benefits exchange is a key component of federal health care overhaul legislation signed into law in the spring by President Barack Obama.
In a Wednesday phone call with Schwarzenegger, the president urged the governor to sign the two-bill legislative package that establishes the new insurance marketplace in time for a January 2014 opening, the federal deadline.
To help California develop the exchange, the federal government announced Thursday that it would give the state $1 million, with possibly more funding to come.
(Excerpt) Read more at sacbee.com ...
Can anyone explain what this “ health insurance exchange” is supposed to do? Thanks.
Oh, wait a minute ...
I guess that California had to do something. They have to many illegals without insurance. Next, they will raise taxes to pay for it. More business will move out of California. High Tech will no longer exist in the State and revenue will drop for the State.
The health insurance exchange is an organized marketplace for the purchase of health insurance set up as a governmental or quasi-governmental entity to “help” (mandate) insurers comply with consumer protections, compete in cost-efficient ways, and to facilitate the expansion of insurance coverage to more people. The exchange would contract with private insurers and possibly (read, WILL) offer a public plan option to cover specified populations (such as those obtaining coverage through small employers and those without employer coverage). Translation: it allows government to force insurers to insure illegal immigrants, driving the cost up for the rest of us!!!!
isn’t this what conservatives want?.....power out of the hands of the feds and into the states where it belongs....
Concervatives would let the free market work instead of having government at any level interfere and force mandates.
Its the mandates that drive up the costs becuase they drive out competition.
Thank you!
However, it doesn't make a lick of sense for states to be doing this, either - look at the Massachussetts fiasco.
Deport him.
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