Federal Gov't Approves MN Insurance Exchange

By KBJR News 1

Federal Gov't Approves MN Insurance Exchange

December 20, 2012 Updated Dec 20, 2012 at 3:37 PM CST

St. Paul, MN (NNCNOW.com) - The Federal Government has given the green light for Minnesota to open a state health insurance exchange.

Minnesota Management and Budget received the conditional approval on Thursday from the U.S. Department of Health and Human Services.

The Exchange will serve as a one-stop health insurance marketplace giving families the ability to choose affordable health insurance.

Officials say the program could save $1 billion every year on health care costs.

Management and Budget leaders will now work with legislators to pass a bill backing the program during the next session

Enrollment in the Minnesota health insurance exchange begins October 1, 2013.

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Kevin Jacobsen
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