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California Health Insurance Exchange Is Shrinking
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Insurance exchanges in some states are adding new carriers that will be supplying coverage to consumers beginning in November of this year. This coverage will go into effect on January 1, 2015. California is one of the only states whose exchange did not welcome a new carrier this year. Covered California, as the state’s exchange is called, is experiencing a somewhat unique problem in the availability of health insurance coverage. The state’s exchange is becoming smaller.