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Major Health Insurers Opt Out of California Exchange

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Some health insurance giants have decided not to play in the California insurance exchange sandbox:

Some prominent health insurers, including industry giant UnitedHealth Group Inc., are not participating in California’s new state-run health insurance market, possibly limiting the number of choices for millions of consumers.

UnitedHealth, the nation’s largest private insurer, Aetna Inc. and Cigna Corp. are sitting out the first year of Covered California, the state’s insurance exchange and a key testing ground nationally for a massive coverage expansion under the federal healthcare law.

Meanwhile, the biggest insurers in the state — Kaiser Permanente, Anthem Blue Cross and Blue Shield of California — are all expected to participate in the state-run market for individual health coverage.

UnitedHealth, Aetna and Cigna opt out of California insurance exchange

Will you be buying health insurance on an exchange? Tell us about it in our discussion forum!


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