WA Health Exchange Will Have To Slim Down In 2015 - Spokane, North Idaho News & Weather KHQ.com

WA Health Exchange Will Have To Slim Down In 2015

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SEATTLE (AP) - Next year, Washington's health insurance marketplace will have to be run on less than a third of the money officials now have at their disposal.

Washington and the 13 other states running their own health insurance marketplaces all had federal grants to pay for start-up costs. Now the Washington Health Benefit Exchange will have to transition from federal grants totaling almost $150 million in 2014 to state dollars allocated by the Legislature of $40 million in 2015.

That projected budget cut isn't the only financial challenge for the exchange going forward. Where the money is expected to come from may also pose a problem.

The Legislature voted last year to pass along the proceeds of a state tax on health insurance policy sales through the exchange. That would add up to $40 million, but only if sales projections are met.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)



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