N.M. Insurance Exchange Plan Gets Final Passage
|By James Monteleone, Albuquerque Journal, N.M.|
|McClatchy-Tribune Information Services|
The bill, Senate Bill 221, would establish a market for people or small businesses to shop for health insurance plans under the federal Affordable Care Act. That market would be overseen by a 13-member board that includes the state superintendent of insurance, and six members appointed by each the governor and legislative leadership.
The House passed the bill 61-7 Friday. Concurrence in the
Under the Affordable Care Act, the state-based exchange programs are required to be ready to accept members by October and in full operation by
"I think what we have is we have the framework," Rep.
The bill, which passed the
The bill is an alternative to House Bill 168, which previously failed to pass the chamber. That bill would have allowed the board to exclude insurance plans from the exchange.
"We needed a lot more in this exchange for New Mexicans to benefit from the health care act," said Rep.
Under the proposal passed by the House on Friday, the exchange's oversight board would include the state secretary of human services and other members designated as a consumer advocate, a doctor or health care provider and at least two representatives of the health insurance industry. Appointees would serve three-year terms.
An estimated 200,000 New Mexicans would be eligible to buy health insurance through the exchange from 2014 to 2020.
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