US Labor Exchange Has Been Open for Years – Bloomberg

Analysis

Washington, D.C. — On Wednesday, the Department of Labor (DOL) said that it has been open for more than 11 years and that it is now a state agency that is eligible to offer exchange coverage in every state.

“For more than a decade, we have been open to the public to access and participate in our exchange, to exchange their own benefits and benefits from the state, and to exchange benefits across state lines,” DOL Secretary Marylouise Moulton-Cahill said in a statement.

For the last 11 years, the DOL has been in a process of opening its state exchanges to the community.

But since July 1, when the Affordable Care Act (ACA) went into effect, the department has been required to operate as a non-profit agency under the federal government.

The DOL, however, will remain in that role, which means that the department will still have to work closely with the states.

In the meantime, the exchange is working to make the most of the current time frame to help people gain access to insurance.

A spokesperson for the Dols exchange said the agency is committed to the exchange, which is one of the largest employer-sponsored health insurance exchanges in the country, and will continue to offer comprehensive coverage to all Maryland residents.

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