The U.S. Department of Health and Human Services (HHS) recently announced a major step in the process of partnering with states to begin creating health insurance Exchanges. HHS will provide up to $1 million in grants per state to help states begin work to create Exchanges. Additionally, HHS is asking for public input as the government develops standards and regulations for the Exchanges. Health Exchanges Scheduled for 2014 In a July 29 press release, HHS stated that, "Starting in 2014, health insurance Exchanges - new, competitive, consumer-centered health insurance marketplaces - will put greater control and greater choice in the hands of individuals and small businesses. The Exchanges will make purchasing health insurance easier by providing eligible consumers and businesses with "one-stop-shopping" where they can compare and purchase health insurance coverage." "With most states struggling to keep their budgets in balance, these grants will give them the resources to conduct the research and planning needed to build the health insurance marketplace of the future," said HHS Secretary Kathleen Sebelius. "We are working hand-in-hand with states as we carefully implement the Exchanges to make sure they best meet people's health insurance needs." Each state has the option to establish and operate its own Exchange or partner with another state or states to operate a regional Exchange. If a state decides not to create an Exchange for its residents, HHS will help establish one on their behalf.
