The Centers for Medicare & Medicaid Services has approved Virginia to proceed with the development of a state-based health insurance exchange.
Approval allows Virginia to take over some functions of its current federal exchange beginning with open enrollment this November, and puts the Commonwealth on a path to full control by 2023.
“This approval could not come at a more critical time as we continue to battle COVID-19,” Gov. Ralph Northam said. “The Trump administration is doing everything possible to gut the Affordable Care Act and kick families off their health insurance, and a state-based exchange will give Virginia the autonomy we need to expand access to care and reduce premiums. As governor and as a physician, I will never stop fighting for affordable, high-quality health care.”
By establishing the Virginia Exchange, the Commonwealth can implement policies to better address costs. The state will be able to work directly with insurance companies to meet the health coverage needs of all Virginians purchasing coverage, including small employers.
Virginia will also be able to provide more targeted outreach and enrollment services and extend the time Virginians have to enroll in coverage, if needed. These strategies will expand access to health care and help increase overall affordability.
Increasing access to health care has been a top priority of the Northam administration. More than 452,000 Virginians have enrolled in new health care coverage since 2018, when Governor Northam successfully fought to expand Medicaid in Virginia.
The expansion of Medicaid has proven a critical lifeline for Virginians during this health pandemic, with more than 125,603 Virginians, including 41,272 children, enrolled in Medicaid since the COVID-19 state of emergency was declared in Virginia on March 12.
The letter from the Centers for Medicare & Medicaid Services is available here.
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