Deadline approaching for states to set up health insurance exchanges
Since President Obama has been re-elected to a second term, the Democrats won the Senate, and the Supreme Court has upheld the law, the Patient Protection and Affordable Care Act, commonly known as Obamacare or federal health care law, which was signed into law in March 2010, will go into effect as scheduled. States have to decide by December 14, 2012 whether they setup their own exchanges, an online service for people to find health coverage, or the federal government will do it for the state.
Seventeen states mostly run by Democrats and the District of Columbia has already opted for their own exchanges. Six other states declared that they will partner with the federal government. Ten states that are mostly run by Republican governors are undecided. Other states are simply staying out mainly because they do not want to be identified as supporting the Obamacare.
A new market place known as health exchanges for health insurance expected to be in operation by October 2013. Objections to the new law as well as implementation of it are nothing new. In 1965, Medicare and Medicaid law ran into similar resistance when established and the time will heel more objections.