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Hawaii governor announces exchange

Gov. Neil Abercrombie says Hawaii is the first state to declare its intent to develop a state-based insurance exchange a key component of federal health care overhaul.

HONOLULU (AP) — Gov. Neil Abercrombie says Hawaii is the first state to declare its intent to develop a state-based insurance exchange — a key component of federal health care overhaul.

The Obama Administration’s health care reform law calls for states to establish exchanges by 2014. The exchanges are marketplaces where individuals and small businesses may choose from an array of private health coverage plans.

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Peter Westerman

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