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HHS Announces New $1.5B Insurance Exchange Funding Round

StethescopePCThe Department of Health and Human Services is awarding 11 states $1.5 billion in grants to continue developing health insurance exchanges under the Affordable Care Act, HHS said Thursday.

California, Delaware, Iowa, Kentucky, Massachusetts, Michigan, Minnesota, New York, North Carolina, Oregon and Vermont will receive the Exchange Establishment Grants to build their marketplaces.

“These states are working to implement the health care law and we continue to support them,” said Kathleen Sebelius, HHS secretary.

Delaware, Iowa, Michigan, Minnesota, North Carolina and Vermont received one-year grants to build marketplaces.

California, Kentucky, Massachusetts, New York and Oregon received multi-year grants to continue developing their marketplaces.

HHS said 49 states, the District of Columbia and four territories have received grants to plan their marketplaces, with 34 states and the District also receiving grants to build their marketplaces.

States have until the end of 2014 to apply for the grants, which HHS said states can use through their start-up year.

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