(Daily Caller) The nation’s largest health insurance company has decided to stop
covering individuals in the nation’s largest state.
United Health Group Inc. said that it will not participate in California’s
individual health insurance market beginning Jan. 1, 2014, when Obamacare
regulations will take effect, according to the Los Angeles Times.
Last month, insurance giant Aetna also announced that it will no longer cover
individual Californians. Together, the companies’ decision to stop providing
individual coverage will affect 58,000 existing customers in California.
The move is a result of new Affordable Care Act requirements for insurance
companies to accept all applicants for individual coverage, including those with
preexisting conditions. The law also requires insurers provide a bevy of new
benefits for their customers.
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