Covered California IN TROUBLE with massive deficit and low enrollment

The fate of California's newest health insurance exchange, Covered California, may be short after they face high budget deficits and low enrollment numbers.

LOS ANGELES, CA (Catholic Online) - Covered California's original 2015 enrollment deadline was February 15, after two extensions, the resting deadline is currently April 30. If they do not reach their enrollment goal this time, the two-year old health insurance network may end.

Washington has vowed to provide no more money to California after it exhausted "the $1.1 billion it received from the federal government to get the Obamacare exchange up and running," according to the Orange County Register. And state law prohibits the state government from spending any money to help Covered California survive.

Covered California faces a near 80 million dollar deficit for the 2015-2016 fiscal year.

According to a 2013 report by the state auditor, "until the state's health insurance exchange actually started enrolling Californians in health plans, its "future solvency" was "uncertain." Covered California was seen as a "high-risk" issue.

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The state auditor's warnings became more clear after Covered California fell 300,000 members short of their 2015 enrollment goal on February 15. There enrollment growth barely increased by 1 percent, according to a study by Avalere Health; the worst from most of California's other exchanges.

California's Obamacare exchange retained only 65 percent of previous enrollees, according to the Orange County Register.

Covered California needs a "near-miraculous, 11th-hour spike in enrollments" to claim a successful enrollment period.

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