(Bloomberg) — The Obama administration will meet an Oct. 1 deadline for setting up new state insurance exchanges, said a top U.S. health official who met skepticism from lawmakers at a congressional hearing this month.
The exchanges, created by the 2010 Patient Protection and Affordable Care Act, are online marketplaces where people will be able to compare and buy government-subsidized insurance. Their scheduled implementation next year has been called into doubt because of the complexity of the law and opposition in some states.
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