Tags: ohio | state | governor | health

Ohio Lt. Gov. Rejects State Health Insurance Exchange As Too Costly

Monday, 02 Jul 2012 12:30 PM

By Sandy Fitzgerald

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Ohio Lt. Gov. Mary Taylor says she sees no advantage to establishing a state-run health insurance exchange, a key element of Obamacare, because it will cost too much money.

The Republican, an outspoken critic of Obamacare, is also director of the Ohio Department of Insurance, according to the Columbus Dispatch. She suggested the state would likely step aside while the federal government sets up the Ohio program, a move that could save the state up to $43 million a year.

Taylor told the Dispatch the state is still waiting on details of how a partnership arrangement with the U.S. Department of Health and Human Services would work. But she said allowing the department to set up the exchange would likely cost Ohio about 1.6 million a year to operate it, compared to the $43 million if Ohio develops its own exchange program from start to finish.

The exchanges are considered a key part of the Affordable Care Act, which the Supreme Court upheld as constitutionally sound in its historic 5-4 ruling last Thursday. The exchanges are designed to help bring healthcare costs down by providing uninsured individuals and small businesses with a kind of one-stop shopping among various insurance plans for the most affordable and suitable coverage.

Nov. 16 is the deadline under Obamacare for the states to submit their own plans or decide if they want to allow the federal government to establish one for them. Because of the court battle over Obamacare, and continuing Republican opposition to the law, some states have not even taken the initial steps toward formulating a plan or even determining whether it would be best to go it alone, partner with the government, or allow the government to create one for them.

The exchanges must be established by January 2014, when the healthcare law takes full effect.




© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Cambodia HIV Outbreak: 100-Plus People Diagnosed; Investigation Sought

Friday, 19 Dec 2014 18:50 PM

More than 100 HIV infections in a single Cambodian village have spurred the country's prime minister to ask for an inves . . .

Slender Man Case: Two Girls Competent to Stand Trial in Stabbing

Friday, 19 Dec 2014 18:26 PM

Two girls who allegedly stabbed a 12-year-old friend over the online game Slender Man are competent to stand trial for a . . .

Kate Upton Sexiest Woman Alive; Model Apologizes to Teen Brother

Friday, 19 Dec 2014 17:52 PM

Model Kate Upton was selected as People magazine's first Sexiest Woman Alive, a month after Chris Hemsworth received the . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved