The Department of Health and Human Services (HHS) has awarded 13 states nearly $220 million in Affordable Insurance Exchange grants to help them create fully operational online exchanges by 2014 that individuals and small businesses will use to select health insurance plans.
The recently announced Affordable Insurance Exchange grants bring to 29 the number of states HHS deems as having made significant progress in developing these exchanges. The new states receiving funding are: Alabama, Arizona, Delaware, Hawaii, Idaho, Iowa, Maine, Michigan, Nebraska, New Mexico, Rhode Island, Tennessee, and Vermont.
Affordable Insurance Exchanges, which are mandated under the Patient Protection and Affordable Care Act (PPACA), will allow individuals and small businesses to go online to find and compare private health insurance plans. The role of these state health insurance exchanges is to bring transparency to the health insurance marketplace, as well as enable consumers to compare plans based on price and quality, which will spur competition and help lower costs.
via InformationWeek Government, continued here.