Finance expert Mike Periu on state involvement of the healthcare reform as it moves forward.
With President Obama winning re-election, the healthcare reform law is now certain to move towards full implementation beginning in 2014. Governors and state legislatures, however, will still have an important say in how and when many of the key elements are implemented. This includes:
1. The expansion of Medicaid. The Supreme Court ruling affirming heathcare reform also made it clear that states could not be forced to expand Medicaid, which is an important part of the law’s goal of expanding coverage.
2. The launch of insurance exchanges. Each state must provide a plan to the federal government by November 16th with details on how they will setup and run their exchange. States that do not comply will then have the Federal government step in and run an exchange for them. So far only 19 states have begun the required work.
About Mike Periu
Mike is a seasoned executive with experience in small business finance and management. He is the founder of Proximo, LLC a leading provider of corporate, consumer and small business education and training services with an emphasis on finance and technology.
Mike Periu is also a leading national voice for individual empowerment through financial education and entrepreneurship. He has been interviewed over 500 times in national and international media, including NBC, Univision, CNN en español, Telemundo, HITN, TVE, RTE, SBS, MegaTV and others.
Mike writes regularly for American Express OpenForum, Yahoo! Finanzas and is a Huffington Post contributor.
Mike has degrees in Finance and International Business from Georgetown University. He is on the Board of Directors of the Council for Economic Education and was a Fellow at the Kauffman Foundation’s Labs for Enterprise Creation.
