Cover Oregon needs grants for $16.2M shortfall

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Tuesday, August 13, 2013

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.

 

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Guest
+2 #1 CEOGuest 2013-08-13 18:10:28
Is anyone surprised by this "revelation"?
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Guest
+2 #2 Covering their ButtsGuest 2013-08-13 19:30:56
All I have seen of "CoverOregon" is a bunch of stupid commercials with some guitar playing ex hippie extolling the virtues of the program. Except they never say what program they are extolling. I've also seen equally idiotic billboards talking about 'happiness" from Cover Oregon. I'm in the field, I know what it means but the average person has no clue what his/her tax dollars are going for and it's NOT MEDICAL CARE....the administrative costs are ridiculous but apparently they forgot to hire a competent accountant. Typical government program, wasteful and ineffective.
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Guest
+2 #3 And you're surprised?Guest 2013-08-13 21:04:04
It truly is pathetic to watch this disaster unfold, with the cretins administering it and fouling up at this level before the thing even gets halfway down the runway. Imagine how much fun it will be when these morons are actually running our lives!

May God help us.
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Guest
+2 #4 PresidentGuest 2013-08-14 03:11:47
Big surprise, they don't know what they are doing, how to do it, or what it will cost, but PLEASE give more money!! Reminds me of some stupid ad I have been seeing on TV,, it was for guess what?
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Guest
+1 #5 RE: Cover Oregon needs grants for $16.2M shortfallGuest 2013-08-14 19:31:41
Put a government entity in charge of the Sahara Desert and in one year there would be a shortage of sand! Liberalism is a mental disorder!
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