"The House bill says that after a five-year grace period all Erisa insurance offerings will have to win government approval—both by the Department of Labor and a new “health choices commissioner” who will set federal standards for what is an acceptable health plan ... Erisa’s pluralistic structure will gradually constrict toward a single national standard."
Article: Repealing Employee Retirement Income Security Act (ERISA)
Source: WSJ; JULY 20, 2009