Hearings Underway on Creating a TN Health Care Exchange

Now that the Affordable Care Act has been upheld, Tennessee is rushing to create an insurance exchange, according to WPLN.
It would be a way for those without coverage through their job to get reasonably priced insurance. On Tuesday, state officials started taking input on what those plans should include, like treatment for Multiple Sclerosis and drug addiction.
Representatives of advocacy groups filled a Vanderbilt lecture hall to ask that their respective cause be covered. Many share a concern about hearing aids. Insurance companies were required to cover them in Tennessee starting this year. But there’s uncertainty as to whether that would apply to the state exchange plans
…Public input will be taken over the next three weeks, and state officials say all suggestions will be considered….The Department and Commerce and Insurance will make a recommendation to Governor Bill Haslam. The exchange is slated be up and running in 2014.
…The Tennessee chapter of the National Federation of Independent Business is weighing how involved it wants to be in the creation of a state insurance exchange. The NFIB joined 26 states in challenging the federal health care law. But some of its members may end up using the exchange.
NFIB state director Jim Brown says some of his 8,500 members in Tennessee calculate it will be cheaper for them to just pay a penalty and let employees use the exchange. So he’s asking employers how involved they want to be in setting standards for the exchange.
“You know, it’s a choice between bad and worse, probably when you get down to it. And which direction do they want us to go.”
Brown attended the first public forum. The next input sessions are scheduled for July 31 in East Tennessee.

One thought on “Hearings Underway on Creating a TN Health Care Exchange

  1. Ralph F. Weber, AEP, CLU, REBC

    If the state sets up an exchange, then businesses in Tennessee, even those that offer a health plan could have to pay additional taxes of $3,000 per employee per year. This will mean companies will lay off workers, and relocate ot other states with no state run exchange. If the feds set up an exchange, no such fine exists. In short, a federal exchange would be a more compassionate exchange.

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