Hawaii will abandon its state-based health insurance exchange and transition to the federal marketplace, known as HealthCare.gov, the state announced Friday.
Gov. David Ige (D) announced Hawaii Health Connector, a private nonprofit, would be shut down because it “has been unable to generate sufficient revenues to sustain operations.”
{mosads}Last week, the Centers for Medicaid and Medicare Services informed the exchange that federal funds were no longer avilable to support its long-term operations, Ige’s office said.
The exchange has suffered from technological issues and low enrollment numbers.
The move comes after the state invested $130 million in the exchange, according to the Hawaii Star-Advertiser.