Missouri has received a federal grant of close to $21 million to help build an online health insurance exchange.
Missouri's high-risk health insurance pool is cutting its rates by 23 percent.
The state Department of Insurance, Financial Institutions and Professional Registration announced the cut in rates Tuesday. The high-risk insurance pool is funded by an $81 million federal grant.
Department spokesman Travis Ford says the decrease is for both new and existing policyholders.
A report by Elana Gordon, KCUR
Missouri's new high-risk insurance program is dropping premiums by as much as 25 percent.
The state launched the pool this summer as part of the federal health law.
St. Louis Public Radio is a service of the University of Missouri-St. Louis.