Minn. gets $4.2M from feds for health exchangeby Elizabeth Stawicki, Minnesota Public Radio
St. Paul, Minn. — The federal government is awarding Minnesota $4.2 million to set up a state health insurance exchange — a key part of the federal health care law.
These exchanges will allow consumers to compare and buy health insurance similar to online travel sites.
Minnesota is one of 13 states and the District of Columbia to receive the additional funds. Minnesota previously received a $1 million planning grant.
State Commerce Commissioner Michael Rothman said the additional money will go towards setting up an advisory task force, choosing a chief financial officer, designing and carryout the plans for a Minnesota exchange.
"Which is putting pen to paper and working with stakeholders to work on building it for Minnesota," he said.
Right now, the department is evaluating 14 proposals by companies based in and outside the state to build the exchange's infrastructure. The Commerce Department is expected to choose several prototypes by fall.