News Headlines Article

Covered California tightens belt
Capitol Weekly

Covered California, the first and largest state-sanctioned health insurance exchange created through the Affordable Care Act, is going to start the new fiscal year with less money.

A combination of lackluster enrollment and the loss of some federal funds that helped sustain it through its startup period are partly the reason, said Peter Lee, Covered California’s executive director.

“We are now in the process of standing on our own two feet,” Covered California Executive Director Peter Lee said on a conference call with reporters.