Hawaii health exchange deals with money problem - Hawaii News Now - KGMB and KHNL

Hawaii health exchange deals with money problem

Hawaii Health Connector Hawaii Health Connector
By CATHY BUSSEWITZ
Associated Press

HONOLULU (AP) - Hawaii's financially troubled health exchange is responding now that the Legislature has approved less than half the money it requested.

All state-run health exchanges operating under the federal Affordable Care Act are required to be financially sustainable this year.

But the Hawaii Health Connector needs a cash infusion to stay afloat.

Executive Director Jeff Kissel had wanted to issue $28 million in bonds or loans to carry the exchange through the next few years. When that plan fizzed in the Legislature the exchange asked for $5.4 million from the state, but it was only granted $2 million.

Kissel said Friday that he's working with the administration to reduce costs.

There are 37,000 people enrolled in health insurance through the exchange.

The Hawaii Health Connector's Board of Directors met Friday.

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