Wednesday, November 21, 2012

Health Care Exchanges in Virginia: State or Federal?

As the deadline to elect to set up a state-run health insurance exchange draws, closer, Virginia Gov. Bob McDonnell is holding firm with the plan to default to the federal exchange option.

The exchanges, which allow citizens to shop for private health insurance policies, are part of the Patient Protection and Affordable Care Act (PPACA) of 2010. States must decide by Dec. 14 whether to set up their own exchange or allow the federal government to run the exchange.

Virginia Senate Democrats called for McDonnell to schedule a special General Assembly session to discuss the exchanges. A McDonnell spokesman said that such a session would be expensive and that no decisions need to be made before the start of the regular session in January.

What do you think? Is it worth it for Virginia to set up its own exchange?

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