HHS drafts flexible regulations for insurance exchanges

The Department of Health & Human Services (HHS) has unveiled draft regulations that will govern the operation of state health insurance exchanges, reports the New York Times. The rules will include flexibility for states to build the exchanges based on their specific market needs. The exchanges "will offer Americans competition, choice and clout," said HHS Secretary Kathleen Sebelius. The draft rules are currently in a public comment period that will conclude in late September.