Quote:Here's the quote from CNBC: 

 

"The exchange, called Hawaii Health Connector, is a nonprofit authorized by the state to handle enrollment for residents. The exchange recently failed to get the approval from legislators necessary to continue operations."

 

The state was given $204 million dollars by the feds to get this thing running, and they've enrolled 37,000 people over two years. The failure of the state-run exchange jeopardizes their Medicaid subsidy and, if the USSC rules as I believe they will in King, then federal subsidies for residents there will be eliminated too. It's the first of the death spirals we're going to see in several states as the federal dollars start to end and the states are on the hook for more and more of their own Medicaid expenses. Here's another link with more information about the looming shut down:

 

http://insurancenewsnet.com/oarticle/201...vices.html

 

And Hawaii isn't the only one either; Maryland, Washington state, Oregon, and Massachusetts are all either already shut down, on the verge, or in serious legal trouble.