NEW YORK, December 5, 2011 – A vast majority of New York State’s small business owners are giving two thumbs up to health insurance exchanges as a viable way to provide health insurance to their employees, according to a statewide survey commissioned by HealthPass New York, a NYC-based commercial health insurance exchange. The survey also found that exchanges have the potential to change the health care marketplace in New York at a time when many small business owners are struggling to keep afloat. HealthPass New York commissioned Hudson TG to…
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New York to look into the benefits of a health insurance exchange
New York legislators are moving ahead with plans to lay the foundation of a health insurance exchange. Though the state Legislature has not yet passed any legislation making an exchange possible, lawmakers and insurance regulators are looking to prepare the state for what they believe is an inevitable system. New York has until 2014 to build an exchange system or risk having the federal government rake over the program. To date, New York has received more than $38 million in federal grants to work on implementing an exchange. In June,…
Read MoreNew York legislators reject federal funding for health insurance exchange
New York has long stood as a bastion for what the federal government stands for. The state boasts of one of the most populated and diverse cities in the world where the shortfalls and accolades of the government are highlighted in stark contrast. The state is also home to more than 2.6 million uninsured residents, most of whom cannot afford health insurance. Given the high number of those living in the state without insurance coverage, it would seem that lawmakers in New York would be welcoming to federal health care…
Read MoreSteps taken to save the jobs of hundreds of health insurance brokers
Agents in New York are applauding a new bill approved by the Senate which secures their role within the health insurance exchange for that state. Senators Kemp Hannon (R-Garden City) and James L. Seward (R-Milford) introduced the bill, making it the first proposal of a formal nature for the establishment of a health insurance exchange for the state of New York. This proposal had been mandated last year in the federal health care reform bill. The proposal would require a public exchange. This health insurance exchange would have a board…
Read MoreClock ticking for New York health insurance reform requirements
Lawmakers in New York are being urged to propose a bill that would establish a health insurance exchange program in the state. Exchanges are one of the provisions of the Affordable Care Act. All states are required to establish one by 2014, but several advocacy groups say that there is no time to waste. One of these groups, Health Care for All New York, hosted a press conference late last week, calling upon legislators to take action. “Over a million New Yorkers will be getting insurance through this program,” says…
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