News Headlines Article

Assembly panel OKs insurance ‘exchanges’ bill
San Francisco Chronicle

Taking a step that prepares the state to carry out the new federal health overhaul law, the Assembly Health Committee approved a bill Tuesday that would ultimately create a marketplace where Californians could go to buy health insurance.

The bill, introduced by Assembly Speaker John Pérez, creates the framework for a state-based “exchange,” a vehicle through which individual consumers and small-business owners will be able to band together to buy private insurance under the rules of the new health law.