News Headlines Article

Covered California gets $674M to keep developing insurance exchange
Sacramento Business Journal

Covered California has received a federal grant of $674 million to continue development of — and to launch — a new insurance program for individuals and small businesses in 2014. The latest grant brings total federal funding for the program to almost $1 billion. A $1 million grant was awarded in Sept. 2010 to establish a board, recruit staff and develop a plan. Then came grants of more than $39 million in August 2011 and $196 million in August 2012 to plan and implement core areas of the program.

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