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UnitedHealth Leaves California Insurance Market

Yesterday, the LA Times reported  that the nation’s largest health insurance provider, UnitedHealth, is leaving the individual insurance market in California, forcing 8,000 customers to find new coverage. This is the second major company to leave before the full rollout of ObamaCare occurs. The last one was Aetna Inc., the third largest health insurance company in the nation, affecting 50,000 policyholders. In total, 58,000 customers will lose existing coverage in California. California Insurance Commissioner Dave Jones said, "It means less choice, less competition and even more consolidation of the individual market with three big carriers."