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Could insurers leaving Calif. individual market be a precursor?
Modern Healthcare

United, the nation’s largest health insurer based on enrollment, followed in the footsteps of Aetna’s move last month and decided to exit California’s individual market. That includes leaving the state’s individual health insurance exchange after saying it would participate, the Los Angeles Times reported Tuesday. While at first glance the two big insurers’ departures make it look as if consumers in the Covered California marketplace will lose two key insurance options, it doesn’t necessarily mean their choices will be significantly narrowed or that premiums in the exchange will go up due to less competition.