March 9, 2011
On Thursday, March 10th, at 8:00am, Montana Insurance Commissioner Monica Lindeen will testify in opposition to SB 228, a bill that prohibits creating a state-level health insurance exchange. SB 228 is sponsored by Senator Jason Priest from Red Lodge and will be heard by the House Business and Labor Committee.
An Exchange is an online marketplace for individuals and small businesses to easily compare rates, benefits, and quality among health plans and facilitate the purchase of qualified health plans. Health plans are placed in tiers based on out-of-pocket costs so that consumers can compare plans on an apples-to-apples basis. All plans sold in the Exchange are offered by private companies.