Insurance agents will not suffer from the Affordable Care Act in South Dakota The Affordable Care Act looms in the U.S. and there are still several questions concerning the federal health care law that have yet to be answered. One of these questions concerns independent health insurance agents and how the federal law will affect them. In South Dakota, lawmakers are moving to address this issue. Early this week, legislators took steps to ensure than the state’s independent insurance agents will be included in the state’s health insurance exchange. Agents…
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Health insurance exchange in South Dakota will be federally run
Governor of the state, Dennis Daugaard, has announced that it will not be operating its own marketplace. The governor of South Dakota, Denis Daugaard, has now announced that the state will not be establishing and operating its own health insurance exchange, as per the heath care reform requirements, and will therefore be deferring the operation and cost of that marketplace to the federal government. The law requires that each state have an exchange and that it will be federally run if the state defers. These health insurance exchanges are marketplaces…
Read MoreSouth Dakota health insurance exchange now responsibility of federal government
Lawmakers nix plans for South Dakota health insurance exchange South Dakota lawmakers have determined that the state will not build its own health insurance exchange. Instead, work to build the South Dakota health insurance exchange will be taken up by the federal government. The Department of Health and Human Services will be tasked with operating and paying for the development of the exchange program as required by federal law. The move represents the state’s continued opposition to the Affordable Care Act. State continues opposition of Affordable Care Act South Dakota is…
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