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Big Insurer Says “No Thanks” to California Small Business Obamacare Exchange

Health insurance giant Anthem Blue Cross is spurning California's new insurance market for small businesses, a potential setback in the state's rollout of the federal healthcare law.

Anthem, a unit of WellPoint Inc., is California's largest insurer for small employers. The company's surprising move raised concerns about the state's ability to offer competitive rates and attract businesses to its new Covered California exchange that opens Jan. 1.

The federal Affordable Care Act left it up to health insurers to decide whether they wanted to sell in these government-run marketplaces.

Source: Los Angeles Times. Read full article. (link)

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  • Sevo||

    In a letter to the Chron today, some idiot gripes that without Obozocare, he's "toast".
    His current insurer is leaving the CA market; the guy's dumb enough not to realize he's in trouble *because* of Obozocare.

  • Spartacus||

    The federal Affordable Care Act left it up to health insurers to decide whether they wanted to sell in these government-run marketplaces.

    How generous of them.

  • PH2050||

    This is why I always assume that legislation will accomplish the opposite of its name. I'm on a hot streak!

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