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States must play catch-up on health overhaul

Treasury & Risk / Bloomberg, November 9, 2012

President Barack Obama's re-election means his overhaul of the U.S. health-care system, opposed by most Republicans, will move ahead in all 50 states, with or without the cooperation of their governors. State officials who held off implementing some aspects of the Affordable Care Act now face pressure to make decisions almost immediately. They have nine days to advise the federal government how they plan to manage state-run exchanges created by the law to provide medical coverage to the uninsured, or face a de facto US takeover of their insurance markets.