HHS Grants $1.5B to Build 11 States' Health Insurance Exchanges

HHS announced it has awarded $1.5 billion in new grants to 11 states to build their health insurance exchanges, a key element of the federal healthcare law that will allow individuals to purchase insurance in a regulated online.

In the latest round of grants, Delaware, Iowa, Michigan, Minnesota, North Carolina and Vermont received one-year grants, and California, Kentucky, Massachusetts, New York, and Oregon received multiyear grants.

The District of Columbia, four territories and 49 states have received grants to plan their marketplaces. Alaska has not applied for the grants. States may continue to apply for grants through the end of 2014, the first year in which the exchanges will be operational.

More Articles on Health Insurance Exchanges:

Mississippi Attorney General Says Governor Can't Stop Health Insurance Exchange
HHS Releases New Rules on Medicaid Expansion, Insurance Exchange
HHS Gives States Extension for Health Insurance Exchanges

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