Monday, May 18, 2015

Unless it receives a sudden and substantial cash infusion

Hawaii's insurance exchange will need to shut down and transfer its functions to the state legislature, which recently approved $2 million for the Hawaii Health Connector. That amount is far short of the $10 million the exchange's leaders requested to ensure the entity's sustainability, Pacific Business News reported May 11. The Connector has prepared a contingency plan to close operations by the end of the third quarter. The plan calls for halting new enrollments on Friday, May 15, transferring the technology to the state on Sept. 30 and eliminating the exchange's more than 60 full- and part-time workers, as well as a dozen contractors, by Feb. 28, 2016.

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