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Wednesday April 23rd 2014

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Surcharges Will Fund Most Online Exchanges

California, which will run the country’s largest insurance market, will do so without taking a cent from the state treasury.  Instead, operations of the market, also called an exchange, will be financed by a surcharge on the billions of dollars in insurance premiums sold in the exchange. That’s the same way most state and federal exchanges will be funded, according to government officials and health consultants working with states. The insurance markets are a key element of federal health law, also known as Obamacare. They are the way in which millions of consumers and small businesses are expected to buy health coverage beginning in 2014.  Individuals will also be able to find out if they are eligible for subsidies or expanded Medicaid coverage when they shop there according to a report at Kaiser Health News.