Wednesday, July 25, 2012

California Coverage Purchasing Plan Begins in October 2014 as SC Upholds Obamacare


Following the Supreme Court decision to uphold the constitutionality of President Obama’s Patient Protection and Affordable Care Act (ACA), Peter Lee, the director of the California’s Health Benefit Exchange—which will oversee the marketplace that will start to carry by 2014 subsidized health insurance for Californians—announced that the state is now putting together a system that should make it as easy to buy health insurance "as buying a book on Amazon or shoes on Zappos"—and give good business to health insurance professionals, as well to life insurance agents (professionals who have a lifeinsurance license) down the line. 

"People want to put the politics aside and make healthcare work for all Californians," Lee said. California was the first state to create a benefit exchange, which each state must do now under ACA.

Lee pointed out that most Californians who have no coverage from their employer or from Medicare or Medi-Cal will be eligible for sliding-scale subsidies, making individual insurance policies affordable. Tellingly, the subsidies will be open to individuals and families with incomes up to four times the federal poverty guidelines.