News Headlines Article

Some big names take pass on Calif. insurance exchange
Modern Healthcare

In California, the most populous state in the country, one might think that insurers would be tripping over themselves to get plans on Covered California, the state’s health insurance exchange. But that would be wrong.

Despite the fact that 20% of the state’s population is uninsured, according to 2011 data from the Kaiser Family Foundation, several large insurers, including Aetna, Cigna Corp. and UnitedHealth Group, are all taking a pass on the Golden State’s exchange—at least initially.