News Headlines Article

Feds approve state’s health insurance exchange
Sacramento Bee

The Obama administration gave California’s subsidized health care marketplace conditional approval Thursday as the state prepares to sign up subscribers in October.

The marketplace, dubbed Covered California, plans to serve hundreds of thousands of uninsured residents who are eligible in 2014 for federal subsidies to obtain health coverage.

Starting next year, all Americans are required to obtain insurance or pay a penalty under the 2010 federal health care overhaul.