In Switch, Ferguson Says HealthSourceRI Won't Need State Money in FY15

May 27, 2014

In a switch, the head of Rhode Island’s version of Obamacare says HealthSourceRI won’t need about $5 million dollars in state funding for the next fiscal year.

HealthSourceRI director Christine Ferguson last week said the exchange would need $4.6 million dollars in state money to keep going next year.

Ferguson says reports about the possibility of Rhode Island’s exchange moving to the federal version prompted a call from a division of the US Department of Health and Human Services, the Center for Consumer Information and Insurance Oversight. Ferguson says the federal official pledged to help and called Rhode Island’s exchange is one of the nation’s most successful.

Ferguson says the exchange is exploring public-private partnerships as a way to generate additional funding. She says having HealthSourceRI provide services to other states and industry is also a possibility.