According to reports, the federal government told the HHC in March that the exchange was out of compliance with Obamacare because it was not financially self-sustainable
Obama’s Home State To Shut Down State-Based ObamaCare Exchange Over Lack of Funds
(CNSNews.com) -- President Barack Obama’s home state of Hawaii is shutting down its state-based health care exchange, the Hawaii Health Connector (HHC), due to incurring debts and the unwillingness of state legislators to put more taxpayer money into the struggling operation, the Honolulu Star-Advertiser reported Saturday.
Established in 2011, the non-profit organization is Hawaii’s state-based health exchange for the President’s Affordable Care Act, or Obamacare. There are currently about 37,000 Hawaiians enrolled in health care plans through the exchange, far short of the roughly 70,000 needed to raise enough money to sustain it, the article reports.
Officials with the exchange released a report to its board of directors on Friday declaring that the state-based marketplace simply does not have the money to continue operations, the article stated.
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