Due to inaction of the part of the State Senate, establishing a New York Health Insurance Exchange through this year’s State Budget is no longer possible.
However, media reports now indicate that Governor Cuomo does not plan to turn his back on the millions of small businesses and families in New York who are being crushed by the cost of health insurance. Instead, he plans to do what’s responsible and issue an Executive Order to establish a New York Health Insurance Exchange!
Call Governor Cuomo’s office TODAY to thank him and support his plan to issue an Executive Order to establish a New York Health Insurance Exchange this week!
CALL (518) 474-8390
No matter what happens in the Supreme Court, New York still needs to fix its insurance market. While an Executive Order cannot accomplish everything that legislation would have done, it will still move the state government forward in helping New Yorkers in need.
An Exchange is vital for New York for three reasons:
- With an Exchange, New York’s small business health insurance costs will drop by 22%. If small group premiums drop this significantly, businesses will be able to hire new workers, instead of struggling to keep up with skyrocketing health premiums. In addition, folks who buy insurance on their own on the individual market will see costs drop by 66%! (See Urban Institute study on the impact of an Exchange in NY). Lower health costs will make New York’s economy stronger.
- There are currently over 2.8 million New Yorkers living without health insurance because they cannot afford it. An Exchange will make quality, affordable health insurance options available to all, and 1 million New Yorkers are estimated to newly gain coverage as a result.
- Establishment of an Exchange will allow New York State to draw down millions in federal funds to help get our Exchange up and running and helping New Yorkers as soon as possible.
Don’t wait! Call today!