Minnesota ‘Health Insurance Exchange’ funding tops $30m



Via News Release

“ST. PAUL, MN – Governor Mark Dayton announced today that the state has received a $26 million grant to continue [1][2] the design and development of a Minnesota-made health insurance exchange.

An exchange is a marketplace where Minnesota consumers and employers can find, compare, choose, and purchase health care coverage that best fits their personal, family, and business needs. The funding, provided by the U.S. Department of Health and Human Services (HHS), will be administered by the Minnesota Department of Commerce.”

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    The market itself has a number of consumers interested in the business objectives. Overall, healthcare companies significantly reduce administrative costs and compensation for the loss of health insurance plan premiums.