|By The Associated Press|
Borsch said he sees the acquisition as a positive for WellPoint, in part because
More states also are asking insurers to convert their
Borsch noted that WellPoint now has about 4.5 million
But he also noted that the insurer generates a third of its earnings from commercial insurance sold on the individual market or to employees of small businesses.
Insurers in those markets will have to adjust to new methods for pricing coverage due to overhaul. They also face the prospect of losing some of that business once their customers start shopping for policies on state-run health insurance exchanges that will begin next year.
WellPoint shares closed at
|Copyright:||(c) 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.|
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