health insurance exchange

Senate approves creation of health insurance exchange

May 24, 2013

The Illinois Senate took a key step Thursday toward implementing the Affordable Care Act, also known as "Obamacare." Senators approved the creation of a "health insurance exchange." But as IPR’S Brian Mackey reports, it's still a long way from becoming law. 

A health insurance exchange is at the heart of the Affordable Care Act. It's a marketplace where people who don't otherwise have insurance, like through an employer, are supposed to be able to find it.