10 Things Providers Should Know About the Health Insurance Exchange Final Rule, as appeared in Bloomberg’s BNA Health Insurance ReportJune 13, 2012
Lynn Shapiro Snyder, a Senior Member of the Firm in the Health Care and Life Sciences and Litigation practices, in the Washington, DC, office, and Philo Hall, a Law Clerk (Admission Pending) in the Health Care and Life Sciences practice, in the Washington, DC, office, coauthored an article titled "10 Things Providers Should Know About the Health Insurance Exchange Final Rule."
Following is an excerpt:
On March 12, 2012, the U.S. Department of Health and Human Services (''HHS'') released its final rule (''Final Rule'') implementing the new Affordable Health Insurance Exchanges (''Exchanges'') authorized under the Patient Protection and Affordable Care Act (''PPACA''). These Exchanges are intended to establish and operate a ''one-stop marketplace'' in each state for individuals and small employers to obtain health insurance.
According to HHS, these Exchanges will offer Americans ''competition, choice, and clout. Insurance companies will compete for business on a level playing field, driving down costs. Consumers will have a choice of health plans to fit their needs, and the Exchanges will give individuals and small businesses the same purchasing power as big businesses.''
Reprinted with permission from the Bureau of National Affairs, Inc.