R.I. Benefits Exchange gets $58M in new federal funding
Richard Asinof
Providence Business News
11/29/2011
WASHINGTON – Rhode Island received $58 million in new federal funds to help to build the infrastructure for its health insurance benefits exchange, the U.S. Department of Health and Human Services announced Tuesday.
Rhode Island is the only state to apply for and receive a Level Two grant, which provides multi-year funding, officials said. Twelve other states received Level One planning grants for health insurance exchanges totaling about $162 million.
The $58 million, which will flow through the R.I. Department of Business Regulation, will be used to support the development of the exchange’s IT infrastructure, a consumer support structure, reporting and evaluation, and staffing…
…The new installment of funds is a direct result of Gov. Lincoln D. Chafee’s executive order on Sept. 19 to create the R.I. Health Benefits Exchange. As a result, Rhode Island was able to meet the federal grants deadline for the latest round of funds…
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