California to receive over $38 million to create state insurance exchange

The Department of Health and Human Services announced on Friday, August 12, 2011, that California would be receiving over $38 million from the $185 in total funds that were being distributed among 13 states and Washington D.C., in order to assist with the development of state health insurance exchanges which are required under the nationwide health reform laws that went into place last year. On the same day, the Department of the Treasury, in conjunction with the HHS, issued the proposed rules that the states would need to follow for…

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