General Discussion
In reply to the discussion: Say goodbye to Obamacare... [View all]Rstrstx
(1,647 posts)Per Section 1311 (d): "An Exchange shall be a governmental agency or nonprofit entity that is established by a State".
That is what the ACA defines an exchange as. Period. It looks pretty straightforward to me. Fine.
Now here comes along Section 1321 (for the pesky states that don't want to cooperate). In the event a state doesn't yet have an exchange: "the Secretary shall (directly or through agreement with a not-for-profit entity) establish and operate such Exchange within the State and the Secretary shall take such actions as are necessary to implement such other requirements"
The only definition in the ACA bill of an "Exchange" (if I'm reading it correctly) appears in Section 1311 d. Section 1321 gives the Secretary the authority to establish an "Exchange", which had just been defined in 1311 (see above). Thus according to 1311 she has established the type of exchange required by tax code 36b.
Is there a flaw to my logic?