Indiana, Washington state and Rhode Island have each received millions of dollars in funding from the federal government to build their respective health insurance exchanges, according to a Government Health IT news report.
Under the healthcare law, states are required to develop an infrastructure that would support secure health insurance exchanges by 2014. The health insurance exchanges would allow businesses and individuals to shop and compare health plans. If these exchanges are not implemented by the posted deadline, the federal government will require tardy states to implement a federally established exchange.
Indiana, Washington state and Rhode Island received $6.8 million, $23 million and $5.2 million, respectively, to continue or start building their own health insurance exchanges.
Read the news report about health insurance exchange funding.
Related Articles on Health Insurance Exchanges:
Oklahoma Lawmakers to Study Health Insurance Exchanges
House Passes Bill to Defund State Insurance Exchanges
Short on Funds, States Explore New Ways to Get Exchanges Going
Under the healthcare law, states are required to develop an infrastructure that would support secure health insurance exchanges by 2014. The health insurance exchanges would allow businesses and individuals to shop and compare health plans. If these exchanges are not implemented by the posted deadline, the federal government will require tardy states to implement a federally established exchange.
Indiana, Washington state and Rhode Island received $6.8 million, $23 million and $5.2 million, respectively, to continue or start building their own health insurance exchanges.
Read the news report about health insurance exchange funding.
Related Articles on Health Insurance Exchanges:
Oklahoma Lawmakers to Study Health Insurance Exchanges
House Passes Bill to Defund State Insurance Exchanges
Short on Funds, States Explore New Ways to Get Exchanges Going