California’s Obamacare Exchange Slashes Budget, 2016 Enrollment Projections

The Obamacare exchange had hoped to enroll 1.7 million Californians this spring, but the final tally was about 1.4 million, virtually the same as last year. Now its board is considering a plan to cut spending next fiscal year by 15 percent — or $58 million — compared to the current fiscal year. It also plans to slash its significant marketing and outreach budget by 33 percent, to $121.5 million.