Gov. Cuomo's Executive Order #42 Establishes Statewide Health Exchange
Under the Patient Protection and Affordable Health Care Act, insurance exchanges will be established in each state to “level the playing field” for those American consumers and businesses on the market to buy health care coverage. Those in favor say the exchanges …..
will drive costs down as insurance companies compete in a transparent process that simplifies an often complex matter. Critics contend that the exchanges will create mountains of regulations, leading to litigation and higher costs.
Last week, Governor Cuomo signed Executive Order #42 which establishes health insurance exchanges in New York State. Had he not, the feds would have done it for us.
Then, take advantage of a terrific program coming up on May 17, organized by the Westchester County Association, to answer your questions about the Exchange -- especially if your business provides healthcare insurance to employees. You know the value of providing health insurance, but it can be a real challenge for small businesses with under 50 employees. On average, small businesses pay about 18% more than large firms for the same health insurance policy. And small businesses lack the purchasing power that larger employers enjoy.
Join us for an in-depth discussion about the latest rules and regulations, the exchanges, and how they will impact individuals and businesses, large and small. It pays to prepare for the new changes coming your way.