Hawaii mulls $15 milion yearly for exchange
Updated On: Mar 26 2014 04:36:31 PM HST
Hawaii lawmakers are considering supporting the state's troubled health insurance exchange with up to $15 million per year.
It's not clear whether the money would come entirely from a proposed sustainability fee on insurers or general fund appropriations. The fee would hit insurers that aren't participating in the exchange.
Officials from the Hawaii Health Connector have said the nonprofit needs about $15 million per year to operate. It has enough money to last through the end of 2014 and part of next year.
The Senate finance committee plans to consider the bill Friday. Its chairman, Sen. David Ige, says he needs to know how the exchange spent its federal funds before he will hand over any cash from the state.
The exchange was established with $205 million in federal grants.
Tom Matsuda, head of the Hawaii Health Connector, will appear before a subcommittee of the U.S. House Oversight Committee on Thursday, April 3.
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