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Monday, January 21, 2013

Eleven States Rewarded For Creating Health Insurance Exchanges As Clock Ticks On October Deadline

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October, 2013 is the date when all state health insurance exchanges are required to be up and running to provide affordable health insurance options for Americans across the country. Several states who are currently building their exchanges recently received additional grant money from the government's Department of Health and Human Services (HHS) to set up or complete their exchanges.

A total of eleven states to-date have received $1.5 billion more in Exchange Establishment Grants. One-year grants have been awarded to Delaware, Iowa, Michigan, Minnesota, North Carolina, and Vermont. Multi-year grants were awarded to California, Kentucky, Massachusetts, New York, and Oregon.

The new grants represent additional grant money for the states. All states, except Alaska who did not apply for grant money, were originally given grant funds to plan their exchanges. A total of 34 states, including the District of Columbia, also received grant support to build their exchanges. The grants awarded in 2012 totaled approximately $2 billion.

So far, HHS has approved health care exchanges for 20 states. Residents of each state may track the progress of health exchanges in their area by going to their state government web sites, the National Conference of State Legislatures, and the Kaiser Family Foundation.
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