Managers of the state-based public health insurance exchange in Rhode Island had to make do with a much smaller budget this year, and the budget could shrink again in 2017.
A HealthSource RI advisory board gave budget details, and 2016 open enrollment performance details, in a document included in a recent meeting packet.
HealthSource RI managers expect to have just $28.9 million in funding this year, down from $50.9 million in 2015, according to the packet. All of the 2015 funding came from grants.
This year, some revenue is coming from a 3.5 percent assessment on the insurance premium revenue flowing through its systems.
In 2017, the Affordable Care Act exchange hopes to have $11.3 million in funding, with a small portion of the cash coming from grants and most of the rest coming from premium assessments and other operating revenue.
