September 27th, 2012 – The Department of Health and Human Services gave Colorado an additional $43 million for Colorado’s new health insurance benefits exchange, which is slated to come online on January 1st, 2014.
In February, Colorado previously received $18 million from the Federal Government as part of “Obamacare” or the Affordable Care Act. Before that the state received $1.2 million in seed money.
Colorado’s exchange board is currently finalizing what the minimum benefits must be for plans offered on the exchange, if Agents will be allowed to particpate and be compensated, and finding computer programers and vendors who can make the system as secure, efficient and as consumer-oriented as possible.
What would happen to the exchanges if presidential candidate Mitt Romney is elected and follows through on his promise to repeal the Affordable Healthcare Act is unknown at this point.