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Private Health Insurers Are Being Driven Out Of The Markets, Affecting Millions - Forbes

Well. Who would've guessed?

In New York, Empire BlueCross BlueShield said it is no longer offering health insurance plans that cover about 20,000 businesses. Mark Wagar, president and CEO of Empire, said that the company will eliminate seven of the 13 group plans it currently offers to businesses which have two to 50 employees. The move is expected to have a great and potentially "catastrophic" impact on small businesses in New York, according to James L. Newhouse, president of Newhouse Financial and Insurance Brokers in Rye Brook, NY.

Read the full article at the Forbes website.

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