Managers of the state-based health insurance exchange in Hawaii say they need more cash even to shut the program down properly.
The governor signed a $2 million Hawai’i Health Connector bill into law last week. Exchange managers had asked for at least $5.4 million.
Jeffrey Kissel, the exchange executive director, reportedly told the exchange board last week that the exchange needs more than $2 million to help pass control of the exchange on to the U.S. Department of Health and Human Services (HHS) in time for the 2016 Patient Protection and Affordable Care Act (PPACA) open enrollment period, according to reports in the Honolulu Star-Advertiser and other publications in Hawaii.
The third PPACA open enrollment period is set to start Nov. 1 and run until Jan. 31, 2016.
PPACA requires a state-based exchange to use resources other than HHS grants to pay for operations after it has been up and running for a year. Some state-based exchanges are getting subsidies from their states, grants from nonprofit groups or assessments from local insurers.