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Dayton signs health insurance exchange bill

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Gov. Mark Dayton signed a bill establishing the Minnesota health insurance exchange called MnSure.

A key part of the national health care overhaul approved in 2010, MnSure is an online marketplace for more than 1 million Minnesotans to comparison shop for health insurance coverage.

The program is expected to cost $60 million a year by 2016. Funding will come from user fees, a percentage of premiums, that increase from 1.5 percent in 2014 to 3.5 percent in 2015.

No Republican voted for the measure in either the House or Senate. Opponents say the exchange is an expensive, intrusive government overreach into private health decisions.

Dayton will appoint a seven-member board of directors to oversee the exchange's operations and will decide which plans sell online in 2015, MPR reports.

The exchange is expected to be up and running Oct. 1.

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