Wednesday, April 23, 2014

State Exchanges Are Now Asking For "Policy" Fees To Cover Deficits

By Coleen Elkins

Some state Affordable Care Act Exchanges are realizing financial shortfalls. In Colorado the Exchange is looking for ways to raise $13M. It is unknown if they have looked at ways to cut costs. They are however looking for ways to create revenue. The Exchange in Colorado is considering a "policy fee" for everyone in Colorado that has health insurance regardless of where they purchased it. They are not calling it a tax. Health insurance policies already are being taxed under the law.

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