New Mexico has been awarded a $34.2 million grant to assist in implementing federal healthcare reform, according to a Bloomberg Businessweek report.
Federal officials said Tuesday that New Mexico was one of 13 states to receive part of a combined $220 million in federal funding to help implement health insurance exchanges. The exchanges are mandated by the federal healthcare reform law and must be set up by 2014 — either by states or through federal intervention.
The exchanges are designed to allow millions of uninsured Americans to buy private coverage through online "marketplaces." The grant to New Mexico will help to establish the New Mexico health insurance exchange in an effort to decrease rates for the uninsured.
Related Articles on Coding, Billing and Collections:
More U.S. Children Have Health Insurance Than Three Years Ago
8 Valuable Surgery Center Business Office Goals for 2012
U.S. Denies Louisiana's Bid for Healthcare Spending Exemption
Federal officials said Tuesday that New Mexico was one of 13 states to receive part of a combined $220 million in federal funding to help implement health insurance exchanges. The exchanges are mandated by the federal healthcare reform law and must be set up by 2014 — either by states or through federal intervention.
The exchanges are designed to allow millions of uninsured Americans to buy private coverage through online "marketplaces." The grant to New Mexico will help to establish the New Mexico health insurance exchange in an effort to decrease rates for the uninsured.
Related Articles on Coding, Billing and Collections:
More U.S. Children Have Health Insurance Than Three Years Ago
8 Valuable Surgery Center Business Office Goals for 2012
U.S. Denies Louisiana's Bid for Healthcare Spending Exemption