Maryland, Massachusetts, Minnesota, Nevada and Oregon will each need funds to address the issues with their exchanges or switch to the federal exchange before the next enrollment period in November, according to the report.
Each of the five states provided an estimate of the amount of funding they will need to update current systems or switch to the marketplace. Below are the estimates:
1. Massachusetts will need approximately $121 million.
2. Maryland will need up to $50 million.
3. Oregon will need approximately $41 million.
4. Nevada will need approximately $25 million.
5. Minnesota will need up to $5 million.
In April, the board overseeing Oregon‘s health insurance exchange voted to abandon the state-run exchange site in favor of relying on the federal exchange. Nevada and Massachusetts have also opted to scrap their glitch-ridden state-based exchanges.
More Articles on Healthcare Exchanges:
Oregon Governor Seeks to Sue Over Failed Healthcare Website
3 Healthcare Exchange, Reform Challenges For Hospitals
8 of the Most Interesting Things We Are Seeing in Healthcare
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
