Feds Approve Illinois Partnership On Insurance Exchange
|By Peter Frost, Chicago Tribune|
|McClatchy-Tribune Information Services|
Sebelius plans to make the announcement Wednesday afternoon at a
Under the partnership model,
The federal government is responsible for building and operating the exchange.
Sebelius is in town through Thursday to meet with several large stakeholders, including union leaders, clergy and community groups, to raise awareness about the forthcoming exchanges, a spokesman said.
The exchanges are a crucial part of the government's plan to expand the number of Americans who have some form of health insurance.
Eventually, an estimated 20 million people will benefit from federal tax credits starting in 2014 that will help offset the cost of paying for insurance premiums. Even so, the government estimates that about 6 million Americans will not sign up and will start paying tax penalties in 2014.
In the first year, those penalties are relatively modest, starting at
While states were given the option of setting up and running their own exchanges, only 18 chose to do so, with most of the rest opting to allow the federal government to operate them, at least in the beginning.
Meanwhile, consumers can expect a marketing blitz during the summer and into the fall touting the exchanges, which will serve individuals who are not eligible for
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