News Headlines Article

California’s Obamacare exchange to slash budget, 2016 enrollment projections
San Francisco Business Times

Covered California plans to cut back on spending and enrollment expectations for 2016, after 2015 sign-ups failed to match goals. The Obamacare exchange had hoped to enroll 1.7 million Californians this spring, but the final tally was 1.439 million, a slight increase from last year’s 1.4 million tally. Now its board is considering a plan to cut spending next fiscal year by 15 percent — or $58 million — compared to the current fiscal year. It also plans to slash its significant marketing and outreach budget by 33 percent, to $121.5 million.