HHS has announced new funding grants to states working to implement health insurance exchanges.
HHS announces insurance exchange grants
The unspecified funding is being made available through the Patient Protection and Affordable Care Act to help states get their exchanges up and running. Under the law, individuals and small businesses must be able to purchase insurance through the state-level exchanges by January 2014.
States already moving ahead with their plans can apply for multiyear funding, while those just getting started can get spot funding, HHS Secretary Kathleen Sebelius said during a call with reporters. “The progress states are making toward setting up these new marketplaces is really, really good news for consumers,” Sebelius said.
HHS previously awarded $49 million in exchange planning grants to states last July.
Sebelius announced the new funding the day after House Republicans approved a bill to repeal the healthcare reform law. Sebelius spoke with reporters along with officials from three states that are making progress to set up exchanges: California, Colorado and Maryland. “We need to keep this process moving forward,” Sebelius said.
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