PORTLAND, Ore. (AP) -- Oregon's health insurance exchange has had no shortage of challenges. Add the budget to the list.
Cover Oregon will have to be self-sufficient once the federal grants that are paying its bills run dry at the end of next year, but the organization is now projecting higher costs and lower revenue. It also will have a smaller reserve fund.
Beset with setbacks, Cover Oregon has dialed back its enrollment projections and significantly increased spending on technology.
That could mean higher costs for consumers.
Once the federal money dries up, Cover Oregon will get most of its funding from a fee added to each enrollee's monthly premium. With fewer people now expected to enroll and pay the fee, Cover Oregon would need to collect more from each individual to break even.