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BUSINESS BEAT : Enrollments in state health exchange sink

Jan 31, 2019 - Los Angeles Times

The number of new enrollees in Covered California plans plunged by nearly a quarter this year, largely because of the elimination of the tax penalty for people without insurance, officials announced Wednesday.

The decrease was steeper than expected -- and larger than the drop in new enrollment in the federal marketplace, Healthcare.gov. It occurred even as Covered California, the state health insurance exchange, spent millions on advertising to entice people to sign up during the open-enro...