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Loss of insurers doesn’t threaten health exchange, but is a ‘great wakeup call’

Access Health CEO James Wadleigh and Lt. Gov. Nancy Wyman who chairs the Access Health Board of Directors   (Christine Stuart file photo)
Access Health CEO James Wadleigh and Lt. Gov. Nancy Wyman who chairs the Access Health Board of Directors (Christine Stuart file photo)

HARTFORD, Conn. – Connecticut’s health insurance marketplace shrank by 50 percent, but Access Health CT CEO James Wadleigh said he’s not panicking.

Two of the four private insurance companies participating in Connecticut’s insurance exchange will be exiting by the end of the year.

“We still have two very strong carriers,” Wadleigh said Monday.

Anthem and ConnectiCare, the two remaining plans on the exchange, already had a bulk of the customers in Connecticut’s marketplace. ConnectiCare has about 53 percent of the business and Anthem has about 33 percent.

See the complete story at CT News Junkie.

 

 

 

 

 

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