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Review backs top Iowa insurer's $1.3B reserve fund

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IOWA CITY, Iowa (AP) — The $1.3 billion held in cash reserves by Iowa's dominant health insurer is reasonable, a consultant concluded Wednesday, rejecting claims from Democrats that the amount is excessive and should be returned to customers. Wellmark Blue Cross and Blue Shield is holding an appropriate amount of customer funds in the bank, given the "high transition risk" associated with new...

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