Calif., Vermont Only States To Require Bids for Exchanges
California and Vermont are the only states among those that will run their own health insurance exchanges that seek to require a bidding process for insurers that want to participate in the online marketplaces. The Affordable Care Act gives states the authority to require insurer bids as a way to help drive down costs in the exchange.
- "California One of Two States To Force Health Insurer Bids" (Wayne, Bloomberg, 5/12).