Question:

What is the difference between state and private exchange?

by Angela Yong  |  5 years, 10 month(s) ago

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There are two different types of health exchanges expected to operate in my state. One is by the state and the other is by private companies. What is the difference between them?

 Tags: difference, exchange, private

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4 ANSWERS

  1. chrity

     The basic difference between them is that of leadership. The private exchanges will be run by local bodies, health plans and nonprofit organizations. The will feature health plans and premiums approved by the administering body. On the other hand, the state exchange will be handled by either the federal or the state government. These exchanges will be run according to the mandates of Obamacare act.

     

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  3. shandra

     

    The two different health exchanges are known as state health insurance marketplace and private health insurance exchange. Depending on the state you are living in, the state health insurance marketplace would be handled either by the state government or by the federal government. This is a mandatory health exchange that will follow the provisions of the PPACA. On the other hand, the private health insurance exchange is a similar health exchange that will be handled by private companies and health plan providers.

     

    http://www.hcentive.com/private-health-insurance-exchange.html

     

  4. shandra

    The two different health exchanges are known as state health insurance marketplace and private health insurance exchange. Depending on the state you are living in, the state health insurance marketplace would be handled either by the state government or by the federal government. This is a mandatory health exchange that will follow the provisions of the PPACA. On the other hand, the private health insurance exchange is a similar health exchange that will be handled by private companies and health plan providers.

     

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