Hawaii’s state legislature rejected legislation giving a $28-million cash infusion to its troubled Obamacare insurance exchange, making it impossible for the website to operate after this year.
The exchange will stop taking new enrollees on Friday.
Hawaii’s Connector Exchange released a statement saying:
“Now that it is clear that the state will not provide sufficient support for the Hawaii Health Connector’s operations through fiscal year 2016 (ending June 30, 2016), the Connector can no longer operate in a manner that would cause it to incur additional debts or other obligations for which it is unable to pay.”
“Staff reductions will commence immediately, with the executive director ( Jeff Kissel) exiting once the bulk of operational activities end.” The statement continued saying: “If the state cannot facilitate an orderly transition, the Connector’s operations will abruptly end, as the Connector does not have the resources to continue operations.”
According to Americanthinker, more states, including: Minnesota, Maryland, Massachusetts, Vermont, and Oregon – are having massive problems with their Obamacare websites, and are expected to close also. The cost? Almost a Billion dollars more of our money flushed down the drain.
Can any state exchanges continue to exist? With 36 states refusing to open their own exchanges and the Supreme Court ready to deal the death blow to subsidies, the future of the Obamacare exchanges appears uncertain at best.