Maryland officials are set to replace the state’s online health-insurance exchange with technology from Connecticut’s insurance marketplace, according to two people familiar with the decision, an acknowledgment that a system that has cost at least $125.5 million is broken beyond repair. …

The money the state has already spent has gone toward development and operation of the Web site and for agency operating costs. The existing Maryland system will stay operational for “a period of time” while the Connecticut version is being installed, one of the individuals said.

O’Malley told reporters Friday morning to expect an announcement on the future of the troubled exchange next week. The exchange board is scheduled to meet at 5 p.m. Tuesday.

“We still have stuck applications. We still wrestle with it every day,” O’Malley said at a news conference. “The clock was ticking, and we have been changing the flat tires on this rolling car for the last five, going on six months now. And it has gotten better with every new fix applied to it, [but it is] still not working as it was supposed to work.”