California receives approval for health exchange

Associated Press

The federal government has approved California's plan to run its own health insurance market, a milestone in the state's effort to meet the national health care reform law. U.S. Health and Human Services Secretary Kathleen Sebelius announced Thursday that California was among seven new states that received conditional approval to operate their own insurance exchanges. Arkansas was approved to operate a partnership exchange with the federal government. California was the first state to authorize a health insurance exchange after passage of the federal Affordable Care Act in 2010.

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