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Health Insurance Glossary

Definitions for common health insurance terms

insurance exchange

DEFINITION: An insurance exchange – or health insurance marketplace – is a key Obamacare provision created to provide a selection of competing providers, each offering different qualified health plans. These plans must meet standards set by the Affordable Care Act. Competition between plan providers would then encourage providers to improve the quality and pricing of offered plans.

Through the exchange – either federally or state operated – consumers can shop online for health insurance and determine whether they qualify for premium subsidies or cost-sharing subsidies.  (Consumers can get purchase subsidized coverage only through the exchanges.

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62% of bankruptcies from medical…

March 11, 2010 – As politicians go round and round talking about how health reform legislation will increase or decrease the deficit, or how a win on this… Read more

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Up or down vote on health reform…

October 26, 2009 – Will Democrats unite to allow an up-or-down vote on health reform legislation? Robert Creamer explained on the Huffington Post this morning… Read more

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American dream can be a nightmare

September 25, 2009 – There’s something about this huge debate on health care that’s been sorely lacking and … and that something is a … Read more

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We already have ‘government’ health…

August 13, 2009 – One of the most interesting reactions to the ongoing health reform debate has to be the public’s revulsion at the prospect of… Read more