Obama administration: 28 states have started creating health exchanges
By Lauren McNitt
ProWEB Wire (Industry News)
The Obama Administration on Wednesday said 28 states have started creating the health care exchanges required under the federal health care reform law.
Half of those states have passed legislation or already have the power to set up regulated insurance markets. The other half have begun the process through executive orders or implemented studies to illustrate the value of an exchange.
The Department of Health and Human Services has doled out $730 million to assist states in creating the exchanges. States are expected to create an insurance exchange by Jan. 1, 2013. For those states that do not meet this deadline, HHS will administer an exchange for them.