Posts By Author » Malia Zimmerman
Hawaii’s Obamacare exchange not fiscally sustainable, lawmakers told
12 Jan 2014 7:27 am
HONOLULU — Hawaii Health Connector isn’t financially sustainable and, because of that, should be a state agency, officials say.
The nonprofit state exchange received $204 million in federal money. Once that runs out, the exchange will be expected to fund its $10 million to $14 million in annual operations through fees on local insurance companies. The fees, now at 2 percent, are generated through a percentage of sales made through the exchange.
But numbers as of Dec. 7 released by the Hawaii Health Connector show just 683 people in Hawaii bought plans through the exchange, or …