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Amid slower growth, California's Obamacare exchange cuts proposed spending
Amid slower growth, California's Obamacare exchange cuts proposed spending

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, released Wednesday, as well as a reduced forecast calling for 2016 enrollment of fewer than 1.5 million people. The recalibration comes after tepid enrollment growth for California during the second year of the Affordable Care Act. The state ended open enrollment in February with 1.4 million people signed up, far short of its goal of 1.7 million. A number of factors contributed to the shortfall, but health policy experts said that some uninsured folks still find health insurance...

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