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The general session presented by Cathy Graeff from Cognosante, will share an overview of the Exchange functions including plan management, eligibility and enrollment, financial reporting, and Exchange models (FFE, state-based, state-partnership). In addition, the last half of the session will focus on a snapshot of the states. Which states have received CMS conditional approval for a state-based exchange? What approaches are states taking to build their state-based exchange? What are the likely models for future state-based exchanges?