$123 Million Federal Grant for MD Health Exchange
BALTIMORE (AP) - Maryland has received a $123 million federal grant to support development of the state's health benefit exchange.
Lt. Gov. Anthony Brown made the announcement Thursday in Baltimore.
Under the federal health care law, Maryland's exchange is due to be operational by October of next year. The grant is to be used to continue the development and implementation of the state-based health benefit exchange.
The exchange is a marketplace where people and small businesses can choose among benefit plans offered by private insurers and determine their eligibility for Medicaid and federal tax credits.
Brown also announced that the Maryland Health Connection will be the name of the marketplace. It can be found online at www.MarylandHealthConnection.gov.