Officials with California’s health insurance exchange say more than 16,300 applications were processed during the marketplace’s first five days of operation.
Twelve health insurance companies have signed contracts to offer coverage through California’s new exchange as part of the federal health care law.
Aetna Inc. will stop selling individual health insurance policies in California next month, just weeks after opting out of the exchange that is being established as part of the national health care reforms, a state regulator said Tuesday.
Gov. Arnold Schwarzenegger has signed seven major health care-reform bills, including legislation establishing an insurance exchange that will allow consumers to comparison-shop for coverage.