News Headlines Article

Covered California approves $89M in additional spending
Sacramento Business Journal

With projected total operating costs 16 percent higher than expected for the current fiscal year, the board at Covered California approved $89 million in additional spending at its Sacramento board meeting on Thursday. This action brings projected total expenditures to $489 million for fiscal year 2013-14. After paying total costs, an estimated $363 million will be left in federal grant funds. Bolstered by federal grants to get going, the state health benefit exchange is expected to be self sustaining by 2015.

Commands