Thursday, March 12, 2015

State Run Obamacare Exchanges: Red Ink

“The Washington Health Benefit Exchange call center in Spokane is so busy that staffing has been quadrupled, with the center receiving up to 10,000 calls a day. The problem is not enough of those callers are actually signing up for insurance.

The state has enrolled 160,000 paying customers in ObamaCare exchange health plans but that's more than 50,000 short of goal, which has led to an extension of the enrollment deadline and a request that the Washington State Legislature fork over $125 million to fund the exchange.”

“Only 14 states, including Washington, are operating their own ObamaCare exchanges and many are struggling to make it without help from taxpayers.

New York’s governor wants a $69 million tax on non-exchange health insurance policies while Vermont has projected a $20 million shortfall by the end of 2015. There also is a bill in Rhode Island to scrap the state exchange and go with the federal exchange to avoid a $24 million hit to taxpayers. Massachusetts, which has been at this longer than anyone, does not have a general tax to fund its exchange, but does rely on a hefty cigarette tax and an employer’s tax.” - Washington state's ObamaCare exchange faces funding shortfall, Foxnews, 03/12/2015

Link to the entire story appears below:





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