State run insurance exchanges face current and future financial struggle

health insurance exchange

Lower enrollment and higher costs are causing disappointment for some of the marketplaces. Many of the state run insurance exchanges are facing some disappointing results after their first year and a half in fully operational existence, after lower than expected enrollment and high costs have led them to face a number of challenges. The issues being faced could lead these insurance marketplaces to make considerable changes. Among those changes may be that they will hand the control over the insurance exchanges to the federal government. It has also been suggested…

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Health care reform may take a step backward in Hawaii

Hawaii Health insurance company

The largest insurance company in the state is calling for the closure of the troubled exchange. The CEO of the largest health insurance company in Hawaii has now stated that he feels that the state’s exchange – a central part of the health care reform – should simply be shut down as it is too troubled to be worth its while. The website was created in order to provide residents with the ability to compare and shop for policies. This was one of the states that had decided to operate…

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Insurance industry in Hawaii faces change as exchange head steps down

Hawaii long term care insurance industry

The executive director of the online health plan marketplace has announced her resignation. Just as the Hawaii Health Connector exchange was getting off the ground, the insurance industry in the state has received word that it will be experiencing yet another considerable change, when the head of the program announced that she would resigning. The exchange has experienced massive delays, as has been the case with many of the marketplaces in the U.S. Coral Andrews, the director who was at the head of the Hawaii Health Connector for the last…

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