Feds Reject Mississippi Proposal to Create State-Run Health Insurance Exchange

JACKSON, Miss. — Mississippi Insurance Commissioner Mike Chaney says federal officials have rejected the state’s proposed health insurance exchange.

Chaney made the announcement Thursday. An exchange is an online marketplace where people can buy health insurance. Under the federal health law that President Barack Obama signed in 2010, every state is required to have an exchange so people can get coverage starting in January 2014, much of it federally subsidized. States that don’t create their own will have one run by Washington.

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Source: The Washington Post