Monday, January 6, 2014
CT’s insurance exchange price tag -- $156.3 million
An analysis by the CT Health I-Team finds that setting up our state insurance exchange, AccessHealthCT, is costing $156.3 million – that is $460 for each uninsured state resident. The equivalent of 88 full time workers are involved in the massive undertaking. Most of that money is paying for consultants but salaries consume $14 million and $19 million is being spent on marketing. Most of the funding came in federal grants, but eventually the exchange must support itself – with a 1.35% fee assessed on all CT individual and small group plans, in or outside the exchange.