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Covered Calif. Has $363M in Grants Remaining for FY 2014-15
California Healthline ^
| April 21, 2014
Posted on 04/22/2014 3:48:45 PM PDT by Oldeconomybuyer
After Covered California's first open enrollment period drew to a close last week, the exchange has about $363 million in federal grant funds left over to support the insurance marketplace over the next fiscal year.
Officials have predicted that the exchange will be self-sustaining by 2015, when the Affordable Care Act will stop providing federal grants to state health exchanges.
However, exchange budget statements have not included a definitive plan for how Covered California will continue funding its operations at that time, and California law prohibits using the state's general fund to pay for the exchange.
(Excerpt) Read more at californiahealthline.org ...
TOPICS: Constitution/Conservatism; News/Current Events; Politics/Elections; US: California
KEYWORDS: failure; obamacare; rinocare; socialism
What a joke this is. Everyone sign up for coverage. Oh, sorry, now you have to wait until the next enrollment period. What, you could not get on line to enroll because the website was down? Sorry. What, you could not take off work to stand in line for hours. Sorry. No insurance for you for seven months.
What is interesting is that nobody is complaining about not being able to sign up.
posted on 04/22/2014 3:55:10 PM PDT
(Conservative is not a label of convenience. It is a guide to your actions.)
I heard from a friend that the California Legislative Analysts Office predicted a $50 billion shortfall for FY2014-2015 and it looks like they’re on track to do it unless they can get more payers to sign up and cover for all of the low income folks, illegal aliens, and AIDS patients who are being subsidized.
posted on 04/22/2014 4:10:54 PM PDT
(Support Matt Bevin to oust Mitch McConnell! https://mattbevin.com/)
when the Affordable Care Act will stop providing federal grants to state health exchanges.
not with a RAT POTUS or RAT Congress.
posted on 04/22/2014 4:11:05 PM PDT
(Obama ----> Fredo smart)
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