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HealthSource: Talks Ongoing About Federal Funds

HealthSource: Talks Ongoing About Federal Funds

PROVIDENCE, R.I. (AP) — HealthSourceRI's director says there's a "better than 50-50 chance" the health insurance marketplace will be allowed to use federal funds to cover operations into 2015, the year it's supposed to be self-sufficient.

Director Christine Ferguson told a Senate panel Tuesday that conversations are continuing with federal officials about the marketplace's desire to use existing federal funding beyond year's end, when it's supposed to expire.

Ferguson said HealthSource has received $111.5 million in federal grants, of which $45.7 million had been spent as of March 1. Its original proposed $23 million budget for fiscal 2015 is all federal money and does not identify another revenue source.

Lawmakers questioned Ferguson on how to fund it going forward given tight budgets and the possibility of shifting to a federal exchange. She called that "shortsighted."

PhotoCredit:Shutterstock/Stephen B. Goodwin

 

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