Wash. Insurance Grant
4:24 pm
Wed May 16, 2012

Wash. Awarded $127 Million Grant For Insurance Exchange

Washington State’s health insurance exchange got a boost. Wednesday the U.S. Department of Health and Human Services awarded the state more than $127 million in federal grants. That money will help develop and implement the state’s Health Benefits exchange. The exchange is a marketplace where consumers will be able to compare and shop for health insurance plans.

Secretary of health Kathleen Sebelius says so far 34 states are in different stages of creating their own exchange…

SEBELIUS: “What this shows is that states are making real progress in delivering quality, affordable health coverage to their residents and they want to be up and running by January 2014.”

If a state chooses not to operate an exchange, residents could go to a federal site to shop for health coverage.

In addition to Washington State, Oregon received more than $6 million in federal grants.

Copyright 2012 KUOW