Gov. Andrew Cuomo has issued an executive order to establish a statewide health insurance exchange intended to reduce coverage costs for individuals, small businesses and local governments.
The New York Health Benefit Exchange, a federally authorized and financed marketplace for buyers, is also aimed at including more than a million New Yorkers now without coverage.
The order says individuals and small businesses purchasing coverage through the exchange can get up to $2.6 billion in federal tax credits and subsidies.
Its deadline to start operating is Jan. 1, 2014
Thursday’s executive order allows involving regional advisory committees in the exchange’s establishment and operation. The panels would include consumer advocates, small business representatives, health care providers, agents, brokers, insurers and labor organizations, as well as public comment.