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California awarded $674M to build health exchange

Published on NewsOK Modified: January 17, 2013 at 5:10 pm •  Published: January 17, 2013

The federal Affordable Care Act seeks to increase health coverage by creating an online insurance market, and by expanding Medicaid for low-income people.

By some estimates, there are about 7 million people in California without health insurance — or about one in five nonelderly state residents.

Since late 2010, Covered California has been allocated nearly $1 billion in federal grants. After 2014, the exchange must be self-supporting from fees paid by health plans and insurers participating in the exchange.

Also Thursday, the California Endowment, a statewide health foundation, announced a four-year, $225 million commitment to support community outreach, increase primary care providers in underserved areas, contain health care costs and provide more consistent care to illegal immigrants.