Chaney Says Election to Determine Exchange's Future

By: The Associated Press
By: The Associated Press

Mississippi Insurance Commissioner Mike
Chaney says work has been completed on a plan for an online marketplace for Mississippians to shop for insurance policies and nothing more needs to be done for now.

Chaney spokesman Joseph Ammerman said Friday the next deadline is Nov. 16 for submission of plans for a state-run health insurance
exchange to the U.S. Department of Health and Human Services.

Chaney Friday made his position on the exchange clear.

"We are not going to make any final decisions regarding the Exchange until after the Presidential and Congressional elections on November 6th," said Chaney. "We will, however, continue to do those things toward the establishment of an exchange that we must do to keep us in a position to make the best decision in November for all Mississippians. That is the only way to keep all of our available options open."

Chaney said halting everything now would prematurely surrender Mississippi’s health insurance market to federal control.

A state-run exchange would allow Mississippians to shop an online insurance marketplace for comparable rates and provisions.

States that do not create a health insurance exchange by 2014 will be forced to adopt a federally run program.

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