Saturday, June 6, 2015

Hawaii Abandons Troubled State ObamaCare Exchange

I LOVE The smell of O'care exchanges Failing in the morning. It's the smell of Victory.

weaselzippers;
Via Fox News:
Hawaii is taking its troubled ObamaCare insurance exchange off life support, the governor’s office announced Friday, the latest addition to a growing number of state exchanges forced to close after operations became unsustainable.
The once-highly praised Hawaii Health Connector has been “unable to generate sufficient revenues to sustain operations,” Gov. David Ige’s office said in a statement. The federal Centers for Medicaid and Medicare Services (CMS) informed the exchange last week that federal funds were no longer available to support long-term operations.
“The state is working with the Connector and CMS to determine what functions can be transitioned to state oversight to ensure compliance with the Affordable Care Act (ACA) by the next Open Enrollment in November 2015,” Ige said.
Ige said that Hawaii will maintain a Supported State-based Marketplace in which the state would provide local customer support.
Grant funds had been restricted in March after the exchange told officials it was not in compliance with the Affordable Care Act, commonly known as ObamaCare, due to fiscal instability and tech issues.

 Thank You Fox and Nick.

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