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Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day

health exchange HIX health insurance exchange

Health insurance exchanges were launched in the US in October 2013 as part of a radical overhaul of the American health system brought in by President Barack Obama under Obamacare.

Health insurance exchanges are online marketplaces for purchasing health insurance. They are aimed at low to middle income Americans who were previously unable to afford health insurance cover, although anyone is permitted to use them, The exchanges allow potential customers to compare insurance policies on levels of...