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The Boston Globe

Metro

FEB. 22, 2012

State insurance exchange awarded $11.6 million to adjust to Affordable Care Act

Massachusetts will receive $11.6 million from the Centers for Medicare & Medicaid Services to move the state’s online health insurance marketplace for individuals and small businesses toward compliance under the Affordable Care Act, the federal agency announced today.

All states are required to create an insurance marketplace, or an exchange, by 2014 or the federal government will create one for them. Massachusetts, which launched its exchange in 2006, has a leg up. But the Massachusetts Health Connector, which runs the program here, has work to do adjust the state exchange to meet federal requirements, said Executive Director Glen Shor.

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