States Will Control Many Aspects of Obamacare

When a law requiring the uninsured to purchase health insurance takes effect on Jan. 1, 2014, the cost, the extensiveness of benefits and the number of competing insurance companies that opt in to the health care marketplaces will all depend on where a person lives, CNBC reports. Suggested Reading The Root 100 – 2020 Black…

When a law requiring the uninsured to purchase health insurance takes effect on Jan. 1, 2014, the cost, the extensiveness of benefits and the number of competing insurance companies that opt in to the health care marketplaces will all depend on where a person lives, CNBC reports.

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Stefon Diggs and Cardi B Viral Boat Video Prompts Response from Patriots Coach

The Affordable Care Act mandating those marketplaces, also calledย exchanges, is a national law requiring the uninsured to purchase health insurance that will take effect Jan. 1.

But the cost of that insurance, how extensive the benefits are, and the number of insurance companies that will opt or be chosen to sell on those those marketplaces are all going to depend on the state a person happens to live in.

And even then, there will be variations within regions of some individual states, complicating an already complicated new system.

How well-or poorly-a given state's exchange functions in coming years in providing affordable health care to its population could directly affect how businesses view that state's attractiveness as a place to open up shop or expand.

"You're really at the mercy of what's going on in your state," said Jonathan Wu, co-founder of the price comparison web siteย ValuePenguin.com.

Read more at CNBC.

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