The U.S. government said it would ramp up Obamacare outreach in 25 cities to lure younger people to the program after a report showed about 70 percent of the initial customers are 35 years of age or older.
The failure by state regulators to decide how much insurers must spend on patient care is scaring investors from health-plan stocks and complicating company decisions on premiums, commissions and cost cutting.
President Barack Obama is seeking to give consumers more time and options to enroll in Affordable Care Act health plans, delaying an application deadline and allowing insurers in three states to sign up customers directly.
States received an extra month from the Obama administration to decide whether to build online marketplaces for medical insurance after Republican governors pressed their resistance to the president’s health-care law.
WellPoint Inc. agreed to sell online contact-lens site 1-800-Contacts to private equity firm Thomas H. Lee Partners LP to focus on building its insurance business with the start of Obamacare’s expanded coverage.