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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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