Connect for Health Colorado, Colorado’s insurance exchange, has been praised as frugal and having relatively low fees. However, the exchange spent more than $100 million in federal money and could be unsustainable financially going forward, the Denver Post reports.
The exchange may find itself in a difficult position as it seeks solutions in coming months because some members of its own board, along with a vocal group of legislators, oppose fee increases. Its financial outlook may have worsened Friday when the state extended through 2015 health plans that aren't compliant with the Affordable Care Act, which is likely to lower enrollments through the exchange.
The exchange is a nonprofit public entity created by the state to help people find private insurance under the ACA and apply for government subsidies if they qualify. It has been funded mostly by federal grants but will rely more on fees in the future.