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Thu June 20, 2013
WY still not sure how the health insurance exchange will function
The Wyoming Insurance Commissioner says he has no idea how the federal health insurance marketplace, also known as an insurance exchange, will change the health insurance landscape in Wyoming. Tom Hirsig says he has no idea how many companies are considering offering insurance to state residents as part of the exchange.
“Probably companies are going to have to pick the states where they do the most business to start with, but in the future we are hoping that with time there will be more activity inside the exchange or marketplace.”
Hirsig predicts that at least a couple of companies will offer options to Wyoming residents, many who will be able to use subsidies to purchase insurance. He says they will know more about the makeup of the marketplace or exchange in late summer or early fall. The federal government will run Wyoming’s marketplace and hopes to post insurance options in October.