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In Minnesota, they've estimated the cost of running an exchange per year is approximately $40 million. With grants, they've been fine reaching that amount. However, after the government quits giving out grants, the state government is left trying to figure out how to finance it. According to MPR, the $40 million estimate does not include the amount of money to compensate the insurance brokers, which could add to that number.
Pennsylvania has announced that the likelihood of creating a state run exchange is now slim. They had originally intended to create an exchange, but did not receive answers from the government as to specifics of the exchange. They're not alone, 22 other states have signed up for exchange groups with the National Association of Insurance Commissioners according to the Pittsburgh Post Gazette.
Fox Business provides an in-depth look at where the Presidential candidates stand on healthcare reform.
Want to learn more about the health insurance exchange? This November, the Health Insurance Exchange Congress will be held November 13-14, 2012 in Chicago, IL. Here, state officials and health plans with the only opportunity to come together to discuss PPACA and strategize on how to make this a successful opportunity for all. For more information on this year's agenda, download the program here. As a reader of this blog, when you register to join us and mention code XP1710BLOG, you'll receive 15% off the standard rate!