Three big insurers pass on California ObamaCare exchanges

Half Dome, Yosemite National Park

If California is still a trendsetter, then this report from the Los Angeles Times is bad news for President Obama and the Democrats.

Some prominent health insurers, including industry giant UnitedHealth Group Inc., are not participating in California's new state-run health insurance market, possibly limiting the number of choices for millions of consumers.

UnitedHealth, the nation's largest private insurer, Aetna Inc. and Cigna Corp. are sitting out the first year of Covered California, the state's insurance exchange and a key testing ground nationally for a massive coverage expansion under the federal healthcare law.

The "new state-run health insurance market" is the touted state-run ObamaCare exchange for California.

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