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Grants for states to establish their own health insurance marketplaces

This law allocates $200 million in grants to states that currently do not operate their own health insurance marketplaces under the Affordable Care Act. The goal is to encourage more states to take control of their health insurance markets, potentially leading to more tailored options for citizens. States receiving these funds must ensure their new marketplaces become financially self-sustaining by 2026.
Key points
Provides $200 million for grants to states wishing to create their own local health insurance exchanges (Marketplaces).
New state-run exchanges must become financially independent by 2026, likely by charging fees to participating insurers.
The change aims to offer citizens greater choice and better-suited health plans at the state level.
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Additional Information
Print number: 117_HR_1896
Sponsor: Rep. Kim, Andy [D-NJ-3]
Process start date: 2021-03-16