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Calif. regulators defend dropped insurance deals
San Francisco Chronicle

State insurance regulators on Wednesday defended their actions against health insurers after a report showed few consumers who complained that their coverage was canceled after they took ill actually benefited from state-negotiated settlements.

More than 6,000 Californians were subject to “rescissions” by the five largest insurance companies between 2004 and 2008, according to settlement agreements between regulators and insurers HealthNet, Anthem Blue Cross, Blue Shield of California, PacifiCare of California and Kaiser Permanente.