- Associated Press - Friday, October 31, 2014

MONTPELIER, Vt. (AP) — Vermont’s online health insurance marketplace could run nearly $20 million over budget.

Documents show Vermont Health Connect has an $11 million budget shortfall. It could incur an additional $8.5 million in expenses for which no funding source has been identified.

The information was contained in a “situation summary” dated Oct. 23 that was obtained by Vermont Public Radio (https://bit.ly/10aL7yF ).

Vermont Health Care Reform chief Lawrence Miller says he’s hopeful the state won’t suffer the kind of shortfall projected in the document. He says it’s too early to know what kind of fiscal condition the project will be in at the end of the year.

Miller says he had “reasonable confidence” the federal government would cover the shortfall, but there’s a chance “there would be some exposure to the state.”

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