The Covered California board last week approved a fiscal year 2013-2014 budget about $88 million higher than the initial $400 million spending plan for the insurance exchange, largely because the California Healthcare Eligibility, Enrollment and Retention System cost about $112 million more than expected. Covered California board members last week voted to adopt a larger-than-expected budget for the 2013-14 fiscal year. At their board meeting Thursday, board members adopted a $488.6 million budget for the new health insurance exchange, roughly 22% over the original $399.7 budget. The increase can be attributed to costs borne by other departments for IT-related expenditures, according to Anne Gonzales, public information officer for Covered California. "The difference is expenditure authority vs.Read more on NewsOK.com