CONCORD, N.H. (AP) — New Hampshire's insurance and health departments are recommending that the state partner with the federal government to operate the new insurance markets required under President Barack Obama's health care overhaul law.

Department officials will explain the details Monday to a legislative committee that must approve any major changes the agency makes in implementing that law, insurance department attorney Jennifer Patterson told The Associated Press. The recommendation from Insurance Commissioner Roger Sevigny and Health and Human Services Commissioner Nick Toumpas already has been made to Gov. Maggie Hassan, Patterson said. Hassan has until Feb. 15 to notify the federal government of the state's decision.

A major component of the health overhaul law requires the creation of exchanges, which are marketplaces that will offer individuals and their families a choice of private health plans resembling what workers at major companies already get. States can establish and operate their own exchanges, create regional exchanges with other states, run an exchange in partnership with the federal government or let the federal government operate the exchange for the state.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.