Governor Dennis Daugaard says South Dakota will not set up its own health insurance exchange.

Such exchanges, part of the federal health care overhaul, would enable individuals and businesses to shop online for insurance policies.

In a statement released on Wednesday, Daugaard said “I oppose the federal healthcare law because it is a large expansion of government that does little about the rising cost of health care. My first hope is that the next President and Congress will repeal this ill-advised law. In the absence of that, our state must work to ensure that even as the federal government implements this law, the state retains control over the regulation of health insurance. I believe South Dakotans want our own citizens doing the regulation. We do not want to cede control of that to the federal government.”