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Amid slower growth, California's Obamacare exchange cuts proposed spending
Los Angeles Times ^ | May 13, 2015 | by Chad Terhune

Posted on 05/13/2015 7:02:56 AM PDT by Oldeconomybuyer

After using most of $1 billion in federal start-up money, California's Obamacare exchange is preparing to go on a diet.

That financial reality is reflected in Covered California's proposed budget, to be released Wednesday, as well as a reduced forecast calling for 2016 enrollment of fewer than 1.5 million people.

A number of factors contributed to the shortfall, but health policy experts said that some uninsured folks still find health insurance unaffordable despite the health law's premium subsidies.

(Excerpt) Read more at latimes.com ...


TOPICS: Constitution/Conservatism; Culture/Society; News/Current Events; US: California
KEYWORDS: failure; obamacare; rinocare; socialism

1 posted on 05/13/2015 7:02:56 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

First Hawaii and now this. If I didn’t know better I’d swear someone has been tipped-off that the Supreme Court is gonna green light subsidies in the Federal Exchange.


2 posted on 05/13/2015 7:10:54 AM PDT by Buckeye McFrog
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