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Saturday April 19th 2014

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Auditor Assesses Covered California Health Exchange

CoveredCaliforniaThe State Auditor has produced a report assessing how the state is faring with Covered California, its insurance exchange mandated under the federal health-care overhaul. California committed to building the exchange early, unlike Republican-controlled holdout states. It also had the largest uninsured population of any state as of 2011, so people are watching this carefully. Financial stability is a big unknown, and the auditor’s report punts on the issue, saying it’s impossible to know whether the state’s exchange will be solvent until it’s up and running The key variable, of course, is whether uninsured Californians actually enroll — something officials have acknowledged in committing “a significant amount of its federal funds” for outreach according to a recent report in the Modesto Bee.