Legislators in Colorado have approved of a $18 million grant from the federal government that will help the state build its own health insurance exchange in a 9-1 vote late last week. The money will be used to fund the Colorado Health Benefit Exchange, which aims to provide a virtual marketplace where consumers can find affordable insurance products. Earlier this year, lawmakers approved of the building of an exchange and assigned a group of legislators to oversee the exchange and determine the benefits it would bring to the state’s insurance…
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Idaho seeks federal aid for the building of an insurance exchange, yet legislators are leery of the program overall
Idaho officials have submitted an application to the federal government for financial aid on constructing a health insurance exchange in the state. Millions of dollars could be headed for the state if the application is approved. Much of the money will be used to plan and build exchange program, but any efforts will first need the approval of the state’s Legislature, which has been slow to warm to the overarching federal health care law. Idaho legislators have only approved of submitting the application for federal funds, thus far. Idaho has…
Read MoreNew Hampshire regulators to receive federal grants to improve state’s insurance system
New Hampshire insurance regulators are set to receive $3.56 million in federal grants over the next three years in accordance with the federal health care law. The state’s Insurance Department is welcoming the money with open arms, hoping to utilize the funds to help some of the regulatory shortfalls that have befallen the state in recent years. While regulators have yet to determine the breadth of their plans for the funds, officials have noted that some of the money will be used to instill more transparency in the state’s insurance…
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