HealthSource RI needs $4.6M from state for 2015 - ABC6 - Providence, RI and New Bedford, MA News, Weather

HealthSource RI needs $4.6M from state for 2015

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By News Staff

The Associated Press

The head of Rhode Island's health insurance marketplace says the state now needs to come up with $4.6 million for the coming fiscal year, a change from the governor's proposed budget, which included no state money.    

Director Christine Ferguson said Thursday HealthSource RI has permission to use tens of millions of federal funding beyond the original deadline of year's end, but recently learned doing so will require ponying up $4.6 million.
Ferguson said the General Assembly could appropriate the money, or it could be raised through various fees.
Gov. Lincoln Chafee's original blueprint for the fiscal year that starts in July included $23.4 million for the exchange, all federal money.
Ferguson says HealthSource's new anticipated 2015 budget is about $55 million, including the requested state funds and additional federal grants.

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