State RegulationsNY specificDifficulty 2/5
Which statement about New York's health insurance exchange under the Affordable Care Act is correct?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
New York chose to establish its own state-based exchange under the Affordable Care Act, known as the NY State of Health, rather than leaving operation to the federal government. It is the official marketplace where New Yorkers shop for individual and small-employer coverage and apply for financial help. This distinguishes New York from states that rely on the federally facilitated exchange.
Why the other options are wrong
- B) New York did not decline; it runs its own state-based exchange rather than relying on the federal fallback.
- C) Exchange operation is not shared across state lines; each state's exchange serves its own residents.
- D) New York residents actively use the NY State of Health; enrollment through the exchange is not prohibited.
Memory hook
New York runs its own shop: the NY State of Health.