Hawaii will abandon its state-based health insurance exchange and transition to the federal marketplace, known as HealthCare.gov, the state announced Friday.

Gov. David Ige (D) announced Hawaii Health Connector, a private nonprofit, would be shut down because it “has been unable to generate sufficient revenues to sustain operations.”

Last week, the Centers for Medicaid and Medicare Services informed the exchange that federal funds were no longer avilable to support its long-term operations, Ige’s office said.

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