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Identify the four categories of state marketplace/exchanges and provide a summary of each.

Identify the four categories of state marketplace/exchanges and provide a summary of each.

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Answer #1

Categories of state marketplace / exchanges in National Health Insurance :-

1. Government-financed- money is collected through taxes or premiums by a public or quasi public fund that reimburses health care providers

2. Employer-mandated- The government requires employers to pay for all or part of private health insurance policies for their employees.

3. Individual-mandated- The government requires individuals to purchase private insurance, with subsidies for low-income people.

4. Hybrid- Government-financed plan for the elderly and the poor, employer-mandated private insurance for the employed and their dependents, individual-mandated private insurance for people without employment.

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