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Monday, August 12, 2013

Md. Health Insurance Exchange To Open This Fall At Cost Of $200M

Under the Affordable Care Act of 2010, commonly referred to as Obamacare, states were required to either start their own health insurance marketplace or defer to a program which would be operated by the federal government.

Maryland was out front early when it decided to launch its own state exchange. The O’Malley-Brown administration secured $173 million in federal funds to build the state’s health insurance exchange, the Maryland Health Connection.

To date, Maryland has received $157 million in federal funds, and another $16 million is pending. An additional $24 million in state general funds for fiscal years 2012 through 2014 were also budgeted to cover costs that cannot legally be funded using federal dollars.

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3 comments:

Anonymous said...

How does something that cost $200M, that otherwise would have been spent save us money?

Anonymous said...

Who's making money from this?

Follow the trail back to the corruption.....

Anonymous said...

And they want to fund it by an additional tax on cigarettes? Sure, send more of your consumers to Delaware and Virginia. The last time they raised cigarette taxes they collected LESS revenue. And they expect this time to be different? Insanity is doing the same thing over and over and expecting a different result.