The Idaho Department of Insurance and the Department of Health and Welfare drafted legislation to establish a health insurance exchange. In Rhode Island, Governor Lincoln Chafee issued an executive order establishing an Exchange.
Financing of the Idaho exchange is not included in the draft. Carriers are not required to participate in the exchange, nor does it dicate whether carriers must offer insurance inside or outside the exchange.
Summary an similar provisions of both Idaho and Rhode Island Exchanges:
- Establish health insurance exchange for individual and small group health insurance
- The exchange would be an independent public corporation named Idaho Health Insurance Exchange in Idaho, and in Rhode Island it is to be named Rhode Island Health Benefit Exchange. The executive order was issued in Rhode Island because legislative attempts failed.
- Idaho’s proposed exchange is targeted to be ready to enroll individuals by January 1, 2014,
- Establishes a governance board