Aetna will no longer sell new small-group health insurance in Colorado and existing small-group clients will be moved off the plan in the next year, sending ripples through 1,200 companies and 5,200 employees and their dependents.

The state Division of Insurance verified the decision, but Aetna did not plan to alert policyholders until Friday.

"After reviewing our portfolio of small-group products, we have identified Colorado as a market where we feel we can no longer meet the needs of our customers while remaining competitive," Regional Aetna Spokeswoman Anjie Coplin says.

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