The state used a $1 million exchange planning grant from the federal government to study the benefits of implementing its own exchange, and it also held public meetings across the state and hired a consulting firm to produce a report on the exchange’s potential impacts, according to the report.
It was estimated that more than 2 million people will use the state’s exchange after 2014, when the exchanges must be up and running. The Insurance Department now plans to apply for more federal funding to develop the exchange.
Related Articles on Health Insurance Exchanges:
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AMA: Open Marketplace Model Best Option for Exchanges
Health Insurance Exchange Stampede: Several Groups Lobby for Exchange Rules
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