ST. PAUL, Minn. (AP) — U.S. Health and Human Services Secretary Kathleen Sebelius says Minnesota has reached a milestone in its effort to establish a health insurance exchange.
Sebelius notified Gov. Mark Dayton Thursday that the state has been granted conditional approval to operate its health insurance marketplace in 2014.
Nine other states and the District of Columbia have been given similar approval. Sebelius says the Centers for Medicare & Medicaid Services granted approval based on the state’s progress to date and its expected progress.
The approval is contingent on the state’s ability to comply with regulations and meet the anticipated progress, among other things.
The health insurance marketplace will give more than a million state residents and small businesses an easy way to compare and buy private health insurance plans, using subsidies if they qualify, officials say.
The Patient Protection and Affordable Care Act of 2010 (PPACA) calls for states and federal agencies to provide exchange services for residents of all states and the District of Columbia.