Earlier this week, the Obama administration announcing a November 16 deadline for state governments to submit proposals showing how they intend to operate health insurance exchanges in 2014.
The Department for Health and Human Services (HHS) released a detailed blueprint of the legal and operational requirements states must meet in their proposals if they expect to win federal approval to begin operating regulated insurance markets, in whole or in part, by January 1, 2014, when the 2010 law is scheduled to come into full force. The administration also released guidelines for assisting states that could be unable to offer full exchange services by 2014 and for establishing federal exchanges in states that are unwilling to participate.
The exchanges are part of the Affordable Care Act sweeping package of federal health care reform passed last year. Earlier this month, Connecticut’s Governor Dannel Malloy signed legislation that lays out the structure for Connecticut’s exchange. The state has recently applied for about $6 million in grant money to help set up its exchange which would be added to the $1 million in federal money already received to aid in planning its exchange.
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