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Health insurers win delay on start of $70 bn in added fees

UnitedHealth Group Inc, WellPoint Inc and smaller US insurers gained a year under Senate Democrats’ proposed health-care legislation before the start of a tax that industry lobbyists say will drive up premiums. Sensex ends up 35pts The insurer tax, amounting to about $70 billion over 10 years, was to start next year under a previous version of the Senate measure. That would have forced insurers to take $6.7 billion out of profit, since they’ve already signed contracts setting rates for 2010, said Matthew Borsch, a New York-based analyst.


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