News Headlines Article

Putting big health insurers in their place
The Center for Public Integrity

Aetna made the wrong kind of headlines in California a few days back. The health insurance giant said it plans to stop selling individual coverage in the state and would not renew the individual policies it currently has in effect. That decision means about 50,000 Californians will have to find another insurer by the end of the year.

State Insurance Commissioner Dave Jones said Aetna’s decision was disappointing because it will reduce competition, but Aetna—the third largest insurer nationally—has never been able to muster much of a market share in California’s individual insurance market.