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updated 9:59 PM PST, Feb 5, 2016

Cover Oregon needs grants for $16.2M shortfall

Oregon officials are asking for more federal grant funding to fill a projected $16.2 million shortfall for health insurance exchange Cover Oregon due to an accounting error.

Oregon officials are asking for more federal grant funding to fill a projected $16.2 million shortfall for health insurance exchange Cover Oregon due to an accounting error.

The misprojection caused a ripple effect, resulting in three months of costs that weren't accounted for when Cover Oregon later applied for a larger $226 million grant.

The shortfall should not have an immediate effect on the exchange, which is scheduled to begin open enrollment in October, said Triz delaRosa, Cover Oregon's Chief Operating Officer.

The exchange, which eventually will sustain itself through fees, has federal grant funding until 2015. This gives state officials time to plug the projected gap.

Read more at The Mail Tribune.

Last modified onMonday, 19 October 2015 11:41

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