News Headlines Article

Buh-Bye, California
InvestingDaily

Efforts to get California’s health insurance exchange up and running as mandated by the Patient Protection and Affordable Care Act (PPACA), aka Obamacare, has been struck a blow in recent weeks as major insurers announce they are pulling out of the market.

Health insurance in the nation’s most populous state has long been dominated by Anthem Blue Cross, Blue Shield of California and Kaiser Permanente, which combined control nearly 90 percent of the market. That said, competition on the exchanges is a key element in keeping costs down.

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