More than 120 health insurance plans have applied to sell their products on the federally run health insurance exchanges under the Patient Protection and Affordable Care Act, the White House said in memo Thursday.

One-quarter of those applicants are new competitors in a state's individual insurance market.

In the 19 states where the federal government is running the exchange, about 90 percent of so-called "target enrollees" will have at least five insurance companies to choose from, the White House said.

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