Which statement best describes the state-federal relationship regarding the insurance exchanges required by the Affordable Care Act?
A) If states fail to design and operate insurance exchanges, the federal government will step in and do so.
B) Each state is required to design and operate an insurance exchange.
C) The insurance exchanges are solely in the purview of the federal government.
D) States may delegate management of insurance exchanges to private insurers pursuant to federal regulations.
Correct Answer:
Verified
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