5 States Using Costly Measures to Fix Their State-Run Exchanges

Five states that launched their own health insurance exchanges are expected to spend as much as $240 million to switch to the federal marketplace or fix their flawed systems, according to a Wall Street Journal report.

Maryland, Massachusetts, Minnesota, Nevada and Oregon will each need funds to address the issues with their exchanges or switch to the federal exchange before the next enrollment period in November, according to the report.

Each of the five states provided an estimate of the amount of funding they will need to update current systems or switch to the marketplace. Below are the estimates:

1. Massachusetts will need approximately $121 million.

2. Maryland will need up to $50 million.

3. Oregon will need approximately $41 million.

4. Nevada will need approximately $25 million.

5. Minnesota will need up to $5 million.

In April, the board overseeing Oregon's health insurance exchange voted to abandon the state-run exchange site in favor of relying on the federal exchange. Nevada and Massachusetts have also opted to scrap their glitch-ridden state-based exchanges.

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