Money to Burn: State Healthcare Exchanges Lose $745 Million

May 22, 2014

Governor Kitzhaber - Oregon

Four state healthcare exchanges have failed and are no longer operational: Oregon, Nevada, Massachusetts and Maryland. Together the states received $744.9 Million in federal funds, most of which has been spent and will most likely not be recovered. (Oregon is facing a grand jury investigation into its disastrous launch of “Cover Oregon” as its governor, a leading proponent of the state exchange, is running for re-election.) More detail here.

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