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Nearly half of states set to control own health exchangesPosted On Mon, January 7, 2013
Seven more states have been given clearance to launch insurance exchanges ahead of the Patient Protection and Affordable Care Act's full implementation in January of next year.
According to the U.S. Department of Health and Human Services, California, Utah, Hawaii, Idaho, New Mexico, Nevada and Vermont have all been given the go-ahead to start health insurance marketplaces for residents. These conditional approvals means that there are now 20 states that have been approved to either partially or fully run these health insurance exchange programs.
"States across the country are working to implement the health care law and build a marketplace that works for their residents," said Kathleen Sebelius, HHS secretary. "In 10 months, consumers in all 50 states will have access to a new marketplace where they will be able to easily purchase affordable, high quality health insurance plans."
While it has yet to be determined officially how the health reform law will impact insurance rates, independent analysis by research organizations like The Commonwealth Fund say the PPACA should help lower healthcare costs for most Americans.
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