January 1, 2014.
“That is the date that is equivalent to when Medicare took effect 50 years ago,” said Peter Lee, executive director of the California Health Benefit Exchange.
“It’s a new day. … It’s a BFD, to quote the Vice President,” he added.
On that day, the exchange will debut as a new health insurance marketplace for millions of Californians.
The exchange is a major piece of President Obama’s signature health care law, and will provide federally subsidized health coverage to individuals and families making between 138 and 400 percent of the federal poverty level, which was up to $92,200 for a family of four in 2012.