PROVIDENCE, R.I. (AP) — The new health insurance marketplace in Rhode Island, a centerpiece of the nationally mandated health care overhaul, passed a recent federal operations review "with flying colors" and is ready to open next month, the director said Thursday.

HealthSource RI Director Christine Ferguson said the so-called health benefits exchange will open on schedule on Oct. 1. She said the state-run exchange performed well in federal preparedness testing last week.

"We passed with flying colors and we're ready to go," Ferguson said after giving an update on the exchange to the House Finance Committee.

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