HHS Awards $765 Million in Insurance Exchange Grants

HHS has awarded eight states more than $765 million in additional grant funding to establish the health insurance exchanges that are supposed to be available for consumers in 2014.

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Source: ModernHealthcare.com

The department awarded level-one establishment grants—which provide a year of funding to states that have already started the process to build an exchange—to California, Hawaii, Iowa and New York. Meanwhile, Connecticut, Maryland, Nevada and Vermont received level-two grants, which are awarded to states that have made more progress in their planning efforts. HHS reports that 34 states and Washington, D.C., have received establishment grants.