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Key health insurance group to weigh in on spending

Reuters, October 21, 2010

A key group of state insurance commissioners is meeting in Orlando, Florida, to issue final recommendations for the U.S. government on the spending rules for the multibillion-dollar industry. The rules will set how much insurers allocate on medical costs as opposed to profits and administrative expenses starting next year.

Wall Street and healthcare advocates alike have been closely watching the process, which could severely alter the bottom line for insurers like Aetna Inc and WellPoint and shake up consumers' choice in insurance policies.

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