The future doesn't look too rosy for the California Obamacare exchange...

California Obamacare Cuts

California's Obamacare marketplace—the largest state-run health exchange in the U.S.—will spend less money next year and expects to enroll fewer people than originally projected.

Covered California's paring back for the third year of Obamacare enrollment comes after its second season saw lower-than-expected sign-ups, and the expenditure of most of the $1 billion in federal funds that the insurance exchange had been granted.