Health exchanges' finances face test in 2nd year
PROVIDENCE, R.I. - The federal government shelled out billions of dollars to get health insurance marketplaces going in the 14 states that opted to run their own. Now they must act like true marketplaces and start paying for themselves.
Under President Barack Obama's Affordable Care Act, state-run health insurance exchanges need to be financially self-sustaining starting in January. Some appear to be on that path, while others have unclear funding models or even none at all.
Rhode Island, for example, received high marks for the smooth rollout of HealthSource RI amid last year's stumbles by the federal government.
But the state doesn't have a way to pay for the exchange's long-term operations, and some lawmakers in the state General Assembly have suggested shifting to the federal exchange.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Iberville Parish Council approves new flood protection measure
LSU: Officer in plain clothes may have caused intruder scare on campus
Frightened skunk with yogurt cup stuck on its head sprays police officer
Residents debate over Ascension Parish interchange
Confusion over little-known court program that paid traffic tickets